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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: Rick Strange who wrote (1590)6/12/1998 7:20:00 AM
From: Marshall Teitelbaum  Read Replies (2) of 2205
 
Rick,

FWIW, later in the day in London, and Smith and Nephew is actually holding up fairly nicely, with after closing 173 yesterday, today's early low of 163 has now moved to a 168.5 bid and 169 ask(P), down less than 5%, and without the drop of the last few days that ATIS had. It will be interesting to see just how much of this has already been priced in for ATIS, maybe making today's likely early drop not
seem so catastrophic by the close of today.

Regards and good luck,

Marshall
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