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Microcap & Penny Stocks : Abatix - ABIX

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To: Bob Davis who wrote (24)7/20/1997 3:08:00 PM
From: Bob Davis   of 62
 
. THE NAPEAGUE LETTER
July 20, 1997 - Bi-Weekly Update
For a Complete Copy - napeague.com

ABATIX ENVIRONMENTAL - ABIX:
The Company has indicated that ABIX will release its second quarter
financial results on July 29th, although I was not able to get any more
definitive information about the progress of the business.

Technical indicators appear to be quite weak as of last Friday, when ABIX
closed at $2.09, and there are no indications of a break in the downward
trend in its price. With the stock selling at a PE of 7, if these technical
indicators show signs of a reversal, I will try to put out a Bulletin.
Personally, I have purchased more ABIX within the last week at current
price levels.

NOTICE:
This analysis is based on publicly-available information and discussions
with the various Company's managements, and is in no way warranted by
me as to accuracy or completeness. I do not guarantee to advise you as
to any change in this information. I currently am a stockholder in
certain of these Companies and may from time to time purchase or sell
these Company's securities. I otherwise have no affiliation with these
Companies and am not compensated by them in any way. If you have any
questions or constructive comments, please E-mail me at
rmdavis1@ix.netcom.com.
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