ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: vestor who wrote (8172)	9/21/1999 12:48:00 PM
From: drakes353	Read Replies (2) of 8359

vestor: Either some wacko gave them an 18 cent estimate for full year fiscal '99 or that's someone's number for fiscal '00. Doesn't matter, they aren't going to do 18 cents for the June quarter, nor are they going to do 18 cents for fiscal '99. If things go well they have a shot at doing 18 cents next year. Why anyone would want to pay 27x forward earnings for a company that won't be showing any revenue growth is beyond me. Guess it shouldn't be too surprising that this latest Gilford inspired move is already running into stiff resistance. Thought it had a chance at a 50% retracement. Couldn't even do that. Not a good sign. Year end target remains $2-$3. Short any rallies to $5.50 - $5.90 ....with impunity. drakes353

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