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Microcap & Penny Stocks : ABTX - Agribiotech

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To: Jim Lang who wrote (876)10/27/1997 6:26:00 PM
From: Lucretius  Read Replies (2) of 8359
 
I assume you're being sarcastic, but if not: yes, I do have a few for you to take a look at: the oil drillers. I've owned them since March, and most have doubled or tripled. In addition I owned ABTX on two separate occasions. It has faired well also, but as I'v stated numerous times, @ this pt it is overvalued and due to get wacked. we saw the beginning of it last week, and this mkt is only going to make matters worse for small-cap stocks like ABTX that have no earnings and their valuation is based solely on expansive growth somewhere? in the future. That's why every brokerage house that covers this co. rates it a SPECULATIVE BUY. You don't want to own speculative stocks in this mkt. The drillers are making money NOW! The oil drillers have been consistently beating earnings estimates and are estimated to continue to do so by analysts and the companies alike for at least another 2 to 3 years. The drillers are benefiting from simple supply and demand. There's only so many of them, and everybody wants them. They have no Asian exposure whatsoever. The drillers were actually up Thur and Fri and were down little % wise today. The stocks w/ the strongest RSI will bounce back 1st and the strongest, and that group is the drillers: NE,DO,RIG,ESV,CDG,FLC

Good Luck!

-Lucretius
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