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: Jim Fisher who wrote (1421)	7/8/1998 7:01:00 PM
From: Jeffrey L. Henken	Read Replies (2) of 2887

A lesson to be learned from CRDM? CRDM rocketed well over 200% higher today on news of FDA approval of a new catheter product. ABMI is trending down and investors are concerned. We might ask why can't this happen to ABMI. Sure CRDM is trading at all time highs today but remember CRDM investors watched their stock value plummet earlier this year. CRDM went from over to 7 to 2 1/8 while shareholders were dumping shares. Investor psychology is so predictable. A stock goes up and everyone wants more. A stock goes down and everyone wants out only higher than where the stock is trading: quote.yahoo.com To me there is the lesson to be learned from CRDM. That lesson is that it takes only one single piece of truly outstanding news to rocket a stock higher. Personally I believe that day will come for ABMI. On that day investors may want to consider selling... Today lets moan and groan and be pissed off but lets not panic out of ABMI. Since I got into ABMI in early March it has been as high as $1 twice. It will get there again even without significant news. If we get the kind of great news it takes to really move a stock then we will head much higher. Investor psychology sucks when the value of your stock is falling. People panic and sell out of fear of further losses. It's at that time that investors should consider buying more not selling. Case in point, CLCK or CRDM would have been a hell of a buy all last week. CLCK was up almost 25% today. You already know the CDRM story. I'm happy you got more ABMI today Jim. This current weakness cannot last forever. Regards, Jeff

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