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Biotech / Medical : ATIS is on the move! -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (1316)	1/28/1998 4:31:00 PM
From: Bill Marble	Respond to of 2205

Put me down for approval. The results from the first study were good (if slightly confusing to some), and the 50 patient study from last year had results that were right in line with expectations. Good results + confirmed results + no surprises = approval. BTW, I haven't been following the puts at all, but the call premiums held up nicely today in spite of the small (3%) price drop. The Feb 15 call finished at 1 1/2 bid 1 11/16 ask while yesterday finished at 1 1/2 bid, 1 5/8 ask. Essentially unchanged. Huge HUGE volume today: 1100 call contracts on the feb 15 (open interest was 7400 before today), and 1.65 million shares traded. Whew! Good luck to the folks at ATIS tomorrow! WEM

To: John Curtis who wrote (1316)	1/28/1998 7:15:00 PM
From: jackie	Read Replies (2) \| Respond to of 2205

John, ORG - Nay ATIS - Yea I picked the Broncos. Regards, Jack Simmons

To: John Curtis who wrote (1316)	1/28/1998 7:33:00 PM
From: HighGain	Read Replies (3) \| Respond to of 2205

John, I too feel an approval is forthcoming. Everything looks positive and nothing looks negative. I am however a little concerned that ATIS's price has not moved up in antipication. Means there is heavy selling to match all the heavy buying. Why would there be heavy selling before a highly likely FDA preapproval? At this point I think there will be an FDA preapproval but most likely the stock will not rise much as a result. It may even decline after the preapproval. I can't explain why, but I have seen this kind of thing before.

To: John Curtis who wrote (1316)	1/28/1998 8:18:00 PM
From: Rick Costantino	Read Replies (2) \| Respond to of 2205

Of course, we are all voting that ATIS will get approval. But considering the price lately it would seem that the street doesn't think that it will happen. Some are saying that even with approval, the price may drop. If the street is not sure about the outcome, as the price would indicate, than an approval should move the price upward. Cases were the price goes down are when the stock is highly inflated to begin with. Anyway, our speculations don't matter, we'll see tomorrow. Good luck everyone! Rick C.