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

To: Rick Strange who wrote (1800)	4/27/1999 5:53:00 PM
From: Rick Strange	Read Replies (1) \| Respond to of 2205

If you run an 30 day chart ending April 15th., you'll see that almost all of the additional 1,357,147 sold short during this report period were at prices lower than current levels. Also, the average daily trading vol. on the report is misleading since a lot of it happened in just one day in early April. The exit gate for the "shorts" is a lot narrower than it appears. I think today we saw a lot of short covering and if the strength continues we'll see a lot more as the "short" losses grow. During the last hour of trading today almost all trades were on the ask side which confirms short covering IMHO. If the longs stand pat for a tad longer I think we'll see a test of 4 short term and establishment of a higher trading range. The stock could go a lot higher if the short term traders get real greedy...that's a major factor since most have a nice percentage gain. Be interesting to see if they are a ADHD group as some speculate.