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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 (1682)10/29/1998 11:29:00 PM
From: Marshall Teitelbaum  Read Replies (4) of 2205
 
All,

Looks interesting out there. ORG has been moving up quickly the last few days, since that Miami Herald article, although I doubt that's enough to be the whole reason. Makes you wonder if anything else is going on in particular right now.

For ATIS, is still is generally being held at 3, although the last few days have seen intradays at 3 and 1/16. The fact that it is not moving up while ORG is may be a negative, although others in the sector (ie LIFC, IART, etc.) aren't doing much right now. Looking at technicals of today makes you wonder if we might not be on the verge of a break through 3 IF the markets keeps up the strength. Today involved lots of small trades, the avg. just under 1000 shares per trade, but the few big trades of the day mostly came just before or with up moves, looking like buys as a result, giving a gut of someone trying to hold down the price as long as they can. Couldn't be the large number of december 5 options could be playing a role now, could it???? Nevertheless, a break through 3 in a solid sustained manner should get us close to 4 likely without a lot of problems, so it would be nice to get there sooner rather than later.

Enough technicals for the day.

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