AMERICAN BIOMED, Minimally Invasive Technology (ABMI) Message Board

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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)

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To: Jeffrey L. Henken who wrote (110)	3/9/1998 12:20:00 PM
From: Bill Fortune III	Read Replies (1) of 2887

To: Jeff, Brenda and All (some thoughts only) Here is a message from Mister Sun as posted 3/8/98 on the ABMI - New Era? Good News .. Lets Start Fresh. Thread. Hello, all. Let me be the first to say how nice it feels to be back on a friendly thread. Things got ugly there for a while, but no more of that.... Anyone else out there? What kind of strategy are you using for adding to your position? I'm very long already, and want to add more--but I'm tempted to wait until the earnings come out, just in case that shakes out a few impatient folks who are expecting positive net income (I think it's still a ways off, although it will happen.) MY RESPONSE TO HIM: I agree with you that a strong net income is a ways off. ABMI could use a good infusion of net income. But the real test is a steady and growing net income over the long term. That takes time. As to any strategy about buying for my position, I originally bought in at 1.20 and as low as .22 and several times in between. For now I will wait until I see some financial reports before adding any more to my position. I really believe that ABMI is a long hold that will pay dividends for those who stick with it. That doesn't mean that I know anything more than anyone else, just a gut feeling based on what they do. There are going to be a lot of people who will trade (traders) this stock causing it to swing wildly on some days, up or down. I feel that there are only three possible scenarios for ABMI, a) It becomes a very successful and profitable company - and so go the shareholders. b) They are brought out - and the shareholders gain something. c) They go under - and we can write it off on our taxes. Thus I have a 2/3 chance of realizing a gain. I enjoy reading the comments of all the different people who are involved in any of the threads. But when it get to posting wild guesses, unfounded information and the like, I just disregard them. I take what I like and trash the rest. Most I like. As Jeffery has said "I honestly want to see us all make money here!" I fully agree. Don't panic if you read something that seems off the wall; because maybe that just what it is. Believe in your what you know for a fact and find out about what you do not understand. Then make your own judgement calls. You will be way ahead of the game. With good management ABMI is going to go a long way. That's my opinion. Bill Fortune III

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