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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (1273)	7/19/2005 8:51:08 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

Ray, I played with ABRX today because I saw the reversal of the initial dip at 10.05 AM on good volume. I bought some at 10.10 around 1.25 and sold it around 11.30AM at 1.55 when the RSI and volume started to come down. The stock got as high as 1.73 in the afternoon, but I didn't buy any back. There are a few Mutual Funds and Financial companies that reportedly had several million $$ on the stock back in March, including T.Rowe Price, Lazard, Wellington Management and others. finance.yahoo.com I don't think the May 19 downgap is going to get closed, but I wont' be surprised if ABRXQ gets back to the $3 level. I am not planning on buying it again unless something else comes up.<g> I don't know if it will get delisted and end on the pink S (I have to be careful with that word, especially when talking.<g>) At any rate, time will tell. If I am still around I will let you know. I have had some experience in the past with companies filing for Chapter 11. And also had some years back about $100Ks in tax anticipation notes from N.Y. which were paying at the time 11% tax free. When the city stopped payment, I had that money tied up for several months, although eventually they paid back minus some of the due interest.<g> RAGL Bernard