Cube,
Thanks. A decent opportunity to exit will come off the temporary lift that most stocks get in the 1 day to 2 week time frame when the first of the shareholder lawsuits hit the media: There is, more often than not, an association with such news that the worst is over and if the business has any future to it, higher prices are inevitable.
The long term question mark is, does ABTE stand a decent chance at surviving and prospering? If so, prices are in line with a huge amount of small caps which are screaming bargains.
ABTE is a typical short term position trade here. The risk/reward was acceptable at entry but the trade's outlook is deteriorating in consideration of a 2 week, one buy strategy. A can 'o' worms at initial, minimal "tuition" is best kept minimal. It's also best kept under scrutiny going forward. ABTE could very well turn out to be the next OAKT...from 2 to 3 1/2 in 2 weeks (with viable liquidity) on nothing more than a technically well telegraphed perception of the absolute industry bottom.
The current question now is, are the oil drillers, equip. mfgrs., mapping and recon providers in a position to offer confidence that they will confirm last quarter's alleged bottom just as the chip related stocks will have to do 3 months from now?
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 23, 1998--The Law
Office of Leo W. Desmond today announced that investors who lost money
in the following securities may be able to recover losses pursuant to
federal and state law.
Securities actions requesting class action certification have
been initiated in various courts alleging violations of federal and/or
state securities laws on behalf of purchasers of the following
securities for the following class periods:
-0-
*T
Able Telcom Holding Corp. (NASDAQ:ABTE) 12/04/97 to 09/01/98
Schein Pharmaceutical, Inc. (NYSE:SHP) 04/09/98 IPO
Think New Ideas, Inc. (NASDAQ:THNK) 11/14/97 to 09/21/98
Windmere-Durable Holdings, Inc. (NYSE:WND) 05/12/98 to 09/22/98
CBT Group PLC (NASDAQ:CBTSY) 01/20/98 to 09/30/98
Metris Companies, Inc. (NASDAQ:MTRS) 05/15/98 to 10/02/98
Criimi Mae, Inc. (NYSE:CMM) 06/09/98 to 10/05/98
Southern Pacific Funding (NYSE:SFC) 01/29/98 to 09/16/98
Resource America Inc. (NASDAQ:REXI) 12/17/97 to 08/28/98
*T
No class has yet been certified in the above actions. If you
purchased stock during the class period, you have a right to become
involved in an action as a plaintiff.
Until a class is certified, you are not represented by counsel
unless you retain one.
If you were a purchaser of the common stock or call options of
any company listed above during the class period and want to discuss
your legal rights, you may call The Law Office of Leo W. Desmond who
will, without obligation or cost to you, attempt to answer your
questions and concerns. You may contact The Law Office of Leo W.
Desmond at 2161 Palm Beach Lakes Blvd., Suite 204, West Palm Beach,
Florida 33409, by calling toll free at 888/337-6663 or by visiting its
website at securitiesattorney.com. Additionally, The Law
Office of Leo W. Desmond is available to answer questions relating to
any other securities-related matter involving investor losses.
The above mentioned firm may or may not be already involved in
the specific matters listed above. Cases may be handled on a
contingency basis. The hiring of a lawyer is an important decision.
Before you decide, ask us to send you free written information about
our qualifications and experience.
CONTACT:
The Law Office of Leo W. Desmond, West Palm Beach
Leo W. Desmond, Esq.
Telephone: 888/337-6663, 561/712-8000
E-Mail: Info@SecuritiesAttorney.com
Internet Site: securitiesattorney.com |
