ASTM-AASTROM BIOSCIENCES: STEM CELL RESEARCH Message Board

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Biotech / Medical : ASTM-AASTROM BIOSCIENCES: STEM CELL RESEARCH

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To: Fred Puppet who wrote (19)	9/26/1997 1:25:00 AM
From: peter mischicott	of 1084

Not so sure about it dropping below 6. Keep in mind that the target price for 12 months is $12. True that there are alot of profit takers and panic sellers (those that bought at 8+) but I think there will be some heavy buying as soon as it hits the 6 1/2 range. Friday is always a great day for shorts yet Monday's normally bring back the buyers. Tomarrow we will see this stock hit 6 1/2 as a low and possibly close at that point. The final "cooling off" price will be between 6 1/2 - 7. Notice the very low volume after the initial drop this morning. That is bad news for the price. Even at the close, the stock couldn't pop up back to 8. I saw a ton of orders to sell at 8 - 9 and the majority of those sellers will take their losses tomarrow and push the price down. I plan to cover my shares from 6 1/2 - 7. Peter

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