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THE REAL MOST ACTIVE Debt Collector And Biotech Firms Post Declines.(B)

Investor's Business Daily

| November 02, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: MARIE BEERENS

Nasdaq stocks fell 0.3% on Tuesday, closing just below the composite's 50-day moving average on slightly higher than average volume.

Asset Acceptance Capital gapped down 7.32, or 28%, to 19.17, sinking below its 200-day moving average on 10 times its usual volume. The buyer and collector of defaulted consumer debt missed estimates by 5 cents on Tuesday as it posted a 9% increase in earnings per share, to 37 cents a share. Sales growth has slowed, from quarterly gains of 50%-plus during 2002-03 to 14% in the latest quarter.

Several other debt collectors fell below their 200-day lines on the news. Asta Funding dropped 1.91, or 7%, to 25.22 on double average trade. Portfolio Recovery Associates sagged 2.24 to 36.66 on huge turnover.

Some medical and biotech groups posted significant declines on the day.

Hi-Tech Pharmacal reached a 52-week high, but then reversed to close down 70 cents at 36.85 on twice its regular trade. The maker of prescription and over-the-counter drugs will report fiscal ...

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