ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: glen who wrote (1269)	12/12/1997 6:11:00 PM
From: Lucky	Read Replies (4) of 8359

I have been lurking with interest the TA that has been going on.Don't know if it was yourself or one of your compatriates that is predicting a drop to 12 before consolidation,but I tend to agree with that prediction.Looks like we are overextended now and in need of a breather.Tops are often seen on the heaviest volume day such as today. I established a short position late today at 15 9/16.Just looking to make a quick 10-20% on the pending correction next week.Expect that the news of this week will wear off monday morning and profittaking to take over.Unlikely to reach 16 as there is heavy resistance there. In the long run it looks as though investors here have a winner and once ABTX bounces off 12 and consolidates it should continue it's upward climb in 6-8 weeks. Lucky.

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