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

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To: Aishwarya who wrote (320)3/26/1998 12:06:00 PM
From: Bill Fortune III  Read Replies (1) of 2887
 
Sri: I agree with you that the stock was not manipulated. And, YES, the company hopefully is watching their stock price and at certain times will release news. I would hope that ABMI or any company for that matter would not release all news at one time. The main thing here is the news of their earnings, if that is in fact good, lookout the stock will shoot up. I hope your feelings on their earnings are correct. I have no idea what they will be, but will just wait and see.

Believe me, ABMI still has a lot of day traders out there and that will make ABMI quite volatile until they are washed out. As you said dropping large blocks of stock will drive the price down.

Exposing ABMI's products to the market place is what is needed and it appears that is now happening. Hopefully most stockholders understand that a longer hold is in order here. For those who hang-in there will be good rewards.

As I post this ABMI has returned to 0.74 -0.04 on 688,400 shares on 126 (11:47am) trades from a low of 0.60 of 0.18 earlier in the day.

By the way, we are on the Hot Subjects list again today, second day in a row.

Bill Fortune III
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