ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: cocoam who wrote (1355)	12/17/1997 5:02:00 PM
From: Lucky	Read Replies (2) of 8359

cocoam I will give you a little tip here.The drop to 13 today and the rise to 14+ is called a bounce.This bounce was fuelled by short covering on the most part.You will definitely see 13 or less within the next week.It is very unlikely ABTX will see 15 again in the next 2-3 months as you haven't even started consolidation here yet. Remember there are a lot of investors with large gains here that are holding off selling until January so that they can defer taxes till next year.Combine this with a likely bear market and I suspect any new investment here is dead money for quite a while. From an investment point of view I would have some concerns here.Such as PE ratios seem very high,ABTX expanding too fast(How are they paying for this expansion ie.dilution/debt?).Analyts forecasts dont excite me when they project a stock at 15 to only go to 20 (speculative buy ).Anyways I honestly don't care as I'm a trader not investor. I personally accomplished my goal here (16% ROI)in 2 days.Looking for our next play that returns us 10% within 5 days.Do you think ABTX will do this for me each week? See ya! Lucky.

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