ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: SAMOA1 who wrote (7322)	1/30/1999 7:52:00 PM
From: Diddlysquat	Read Replies (1) of 8359

Good to read a positive message on ABTX. Management screw-ups, short sellers and Flaming idiots not withstanding, Most of us are holding shares and wondering what happens next. I too have made a buck or two trading in and out of ABTX. To tell the truth, I have allowed myself to get "shaken out" a couple of times. Sure picked the wrong time to hold tight. I know it's not kosher to reveal the extent of ones holding, but I'll break the rule to illustrate my break even plan. I'm holding 3000 shares at a cost of 12 1/2. I sold 30 12.5 covered calls at 1 1/2 making my break even price 11. Unless there is a dramatic reversal of events the call will expire worthless and I will be able to write more calls on February 22. With luck I can be even in a couple months. For those of you who are truly long term this play can be very risky in that any quick rise in price would find you "called out". However, I you wish to be out at 10 or 12 1/2 or 15, Covered calls can get you there with time. Better then selling at this price. Just a thought, bd

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