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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sandra who wrote (8072)	8/25/1998 6:33:00 PM
From: LTK007	of 29382

Now to update that post on ABTX that I made 8/20---the question is it now a buy? First I was watching the ticker today and it does not get uglier than what I saw---here is company that DLJ and Piper Jaffrey have produced long,complex,heavily researched reports attended with a strong buy recommend--one with a 36 target by 1999.The DLJ report was 32pages long---AND NOW THIS--stocks can be brutal. First,my paper loss is far,far,far less than others(my paper loss is now only 14k) but I know others who have taken a huge paper loss hit on this,and I am feeling bad about this. I watched the ticker this afternoon and rally after rally was met by selling,as their was a full fledge panic sell-off in play. I am myself furious with myself that eventhough I saw this coming I did not have enough "been through it all experience" to confidently short against the box.Last Thursday I told my broker that this could go to 9(it hit 9+ today!) but he said he didn't think that would happen--I must now cease underestimating my perceptions! So do you buy tomorrow--I can not recommend this--when rumors are flying in near nervous breakdown market,the overkill factor in individual stocks is EXTREME. Good Luck,Max

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