ATIS is on the move! Message Board

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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 (1610)	6/30/1998 12:01:00 PM
From: Rick Strange	Read Replies (2) of 2205

Marshall, I talked to one of the "backroom" types at a major clearing firm. The double whammy price decline and dip below $4@ caused a lot of margin call selling within the first week after the FDA news was announced. That pressure is now gone and the MMs no longer have an interest in keeping the stock below $4@ since all of the margin seller that couldn't meet their calls have sold to them at bargain prices. I suggest that we can anticipate firmer support with higher lows. It's going to be a slow hard climb back up the ladder but I think we will make it. For the patient investor ATIS should show excellent returns over the next two years.

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