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Microcap & Penny Stocks : Abatix - ABIX

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To: Bob Davis who wrote ()3/30/1998 9:25:00 AM
From: Bob Davis  Read Replies (1) of 62
 
An "Overview Issue" of The Napeague Letter was e-mailed to each
subscriber last night. These "Overview Issues" summarize the current
status of each stock followed by TNL. This issue included the following
comments about Abatix Environmental (NASDAQ:ABIX):

The overall technical character of ABIX changed on February 27th when
major buying began, in response to the Company's announcement of 1997
results. Apparently , it is now clear to more investors that ABIX has
overcome its earlier problems.

Volume has been much stronger during March and momentum-based
indicators appear to signal the continuation of the current price uptrend.
As reported in TNL on January 11th, volume-based indicators have been
signalling this buying pressure since the beginning of the year.

The Company has just released its 10-K Report and I will update the
Analysis after I have a chance to review it.

Bob Davis
The Napeague Letter
napeague.com
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