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Microcap & Penny Stocks : Abatix - ABIX

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To: nauset who wrote (13)1/14/1997 6:15:00 PM
From: Bob Davis   of 62
 
Carole,

My feelings about ABIX continue to be quite positive. There really is no "news" about the Company, and I don't expect to see an earnings release before the end of February at the earliest. Since this will be the release of their year-end financials, which have to be audited, they are allowed 90 days from the end of the year (12/31/96). However, last year they released on February 29th.

When you say "I am hearing of large purchases..." are you referring to sales of stock? In fact, since the end of year-end tax selling at the end of December, there really hasn't been a lot of volume, unfortunately. As a result, the price of the stock has only rebounded slightly from the levels it reached during the tax-loss selling. I suspect that I will be buying more of it shortly if it remains at these levels.

Bob Davis
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