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Biotech / Medical : ATIS is on the move!
ATIS 0.1000-47.4%Apr 14 5:00 PM EST

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To: Marshall Teitelbaum who wrote (1185)11/26/1997 5:53:00 AM
From: Harry D. Kramer   of 2205
 
Hi Marshall,
once again everybody in the wait-and-see position on this thread. I don't know if anyone is keeping track of this, but I just looked at the short interest numbers of ATIS and they are rising and rising. In October we had 3.94 mill. shorts, which is 9.51 times the average daily volume. That is way above the norm. Actually short interest has been up each and every month since March 1997. I am not an expert on using this indicator, but maybe someone on this thread is trained on this one. From what I can see, there is a lot of negative sentiment out there on ATIS. But of course if we get some positive news, they would have to cover these shorts, and then ATIS would be up and running.

Apart from that, do we know something about hedging strategies of insiders at ATIS? Buying huge positions gives nice signals for the market, but are they for real?

Going back to your post one or two weeks ago. Unfortunately I do not live in the UK, therefore I am not in the position to spy on S&N. :-)
I do have some knowledge on selected British biotechs, but my infos on S&N are limited. Sorry.

Bye,
Harald

P.S. The heart of Europe is where I'm from.
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