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Biotech / Medical : AMLN (DIABETES DRUGS) -- Ignore unavailable to you. Want to Upgrade?

To: D.Right who wrote (1129)2/20/1998 11:44:00 AM
From: Harry Ehrlich  Read Replies (1) | Respond to of 2173
 
D. Right, yesterday the chart looked fine. In fact, trading buddy and I each added to our positions yesterday (ouch - would have loved to add today and still may).

Earnings are due out today, with the Zack's expectation of -0.54. The loss may be wider, as the stock is moving down today. But this is not an earnings stock, it is a research company. If the loss is wider, than they are spending more on research and that is extremely positive.

It is 11:42 and we had been as low as 5 1/4 on the bid. We are now 5 11/32 x 5 7/16. Perhaps this was a shakeout and we are bouncing off the low.

I'll keep writing.

Harry



To: D.Right who wrote (1129)2/20/1998 12:31:00 PM
From: Harry Ehrlich  Respond to of 2173
 
Hi, briefing.com has revised the earnings date to next Thursday the 26th. That revision was made about 11:45.

The price action has improved. The bid/ask is now 5 3/8 x 5 1/2. The ask just jumped from 5 7/16 to 5 1/2 in the last minute. 1000 shares went through at 5 1/2. Size is 3000 x 2000 and that is also favorable.

I suspect we will see more recovery today.

Harry


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