Max90 and John:
I strongly agree with Archie.
It would be very easy to say something like, gee, I can't buy ABTX at these levels, I have seen it go from 2 to 11. Yup! and now you will see it go much further. No one likes to, but it is OK to buy at the top end of a range if you intend to be a long term holder and you understand what the company does and your objectives.
Don't be afraid to "step up and pat the pony". In less than two months you will both be extremely glad you committed funds, even at the top end, because in two months todays 11 will look cheap.
And I say this as a somewhat recent buyer of ABTX. Every time something like this happens (and believe me, situations like ABTX are NOT common) I say, Geeeeeeeeesh, here we go Ya Dope, in, right at the top, ie ccsi @8 or radaf @10, but if you made an informed judgement it will work out to your great satisfaction. I suggest you check the current price of those two out, because that is where I bought them and that was the top of the then current range.
The thing that makes it hard for you to "step up" is because you have seen it go from such a low price. Look at it this way: a hell of a lot of people are going to buy a hell of a lot of ABTX at prices a hell of a lot higher than what you see today. You might as well participate before them. You owe it to yourself. You will be glad you did.
All of the above IMHO only and I DO have an agenda, I am very VERY long ABTX (and the others). And loving it.
Regards Pete |
