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: HRAKA who wrote (588)	4/29/1998 6:06:00 PM
From: Jeffrey L. Henken	Read Replies (1) of 2887

Well you know the old saying buy on the rumor? Unfortunately I am not really sure which rumor people were buying on today. The last two weeks I have been fighting off the naysayers here and especially over on the Yahoo thread trying to convince people they should buy before the stock starts to rise again. This is our fifth day of over a million shares in volume since I started this thread. It's no accident that the stock rose because it was simply oversold. The volume is still something of a mystery to all of us but to be quite frank American BioMed has a very persistent set of detractors who will have to be buried in their folly before they ever quit trying to scare investors out of their positions in ABMI. On the other end of that equation is a group of investors who like myself are very much sold on the prospects of the company and feel that even .69 will be very cheap in the long run for investors to buy shares in American BioMed. So who will win this little tug of war? Will ABMI investors see the kinds of returns we are all hoping for in our wildest dreams or will the stock retreat again over the next two weeks on dwindling volume? Stick around and see what happens! My money is on the smart money that has been buying millions of shares the last two months of ABMI. These new stockholders are not looking for a 15% return on their investment. No we are looking for a much greater return than that, and most of us are willing to be patient enough to find out why the stock has moved once again well above the 50 day moving average on high volume. GO ABMI! Regards, Jeff

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