ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: Big Dog who wrote (7241)	1/26/1999
From: Jeff Sutton	Read Replies (2) of 8359

What I learned from this ABTX fiasco. (1) In investing, experts have little edge over the uninformed. There are people on this and the YAHOO thread that no more about the agrio-biotech business than I will ever dream of knowing. Did this help them? Nope. Suckered all. (2) The chart never lies (I think this ABTX fiasco may have finally turned me into a technician). (3) A solid stock can't really be the victim of a "bear raid". (4) A bad CEO can wreck a good company. What a boneheaded attempt to bolster the stock price by publicly announcing the sale of the company within a narrow time frame! I didn't like JT's tone on the CC today. He was still being defensive ("I guess you weren't listening to me" etc.) A miserable performance. Having an abrasive CEO who has no patience with even soft questions is not a good thing. (5) Trust no one, long or short. (6) Pie-in-the-sky longs can do at least as much damage as shorts. (7) Don't put all your eggs in one basket (don't even put a lot of your eggs in one basket). I already knew this, of course. (8) It's only money :-) Go ABTX! (still long but may bail tomorrow)

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