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Microcap & Penny Stocks : ABTX - Agribiotech

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To: c-man who wrote (5825)11/5/1998 5:06:00 PM
From: Square_Dealings  Read Replies (1) of 8359
 
I am new long to ABTX. Have to say I panicked when I heard about the earnings warning and sold my shares flat.

Then after I saw how the stock found support pretty quickly I decided to get back in.

Also I was surprised that there was mostly call buying (options) today and that some of the ones I checked were even trading higher than yesterday! Put volume was low compared to the calls that I checked.

Anyway I decided to hang in this time and see what happens. The companies future value will surely increase imo. This is the first stock I've seen in a long time that pre-announced a short fall in earnings and was only off -6% at the close!

Good luck.
M.
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