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Microcap & Penny Stocks : ABTX - Agribiotech

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To: chester lee who wrote (8182)9/27/1999 12:19:00 PM
From: drakes353   of 8359
 
Chester:

Pretty sure that the last spike was inspired by a Gilford "research" report. ABTX met with analysts in August. As far as I know Gilford was the only sell side outfit that felt like putting out a report afterwards. That tells you ABTX is in no danger of making a quick turnaround.

I'd wait for another silly spike in the stock to get short. $5.50-$6.00 would be a good spot. Might get a good post earnings run to short into if the rubes convince themselves that all the bad news is out of the way.

FWIW, tracking the sentiment on the Yahoo! board (as a contrary indicator) has some value. Short term tops usually coincide with a large number of posts predicting a quick move into the mid teens.

Regards,

drakes353
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