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Microcap & Penny Stocks : ABTX - Agribiotech
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To: Osothebear_517 who wrote (7347)2/1/1999 9:18:00 AM
From: Karl Drobnic  Read Replies (1) of 8359
 
Re Soros reducing shareholdings: I regard this as a good sign. Soros & friends are among the world's leading hedgers. When they leave, a considerable amount of short selling leaves with them. If hedge activity dies down, the price is much more likely to settle in around a particular value and sit there until there is real news. In other words, less of the out-of-control volatility we've seen in ABTX for the last year or so.
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