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Microcap & Penny Stocks : ABTX - Agribiotech
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To: drakes353 who wrote (7409)2/4/1999 2:06:00 PM
From: W Shakespeare   of 8359
 
The shorts on this board are hoping for the stock to be cut in half again. While I think that such a scenario is possible if the market as a whole tanks, I find the reasoning for such a drop to be thin. Most of the reasons given for a further drop are already factored into the stock price: no buy-in, shareholder lawsuits, mistrust of management, one-time charges, heavy debt load, and integration difficulties. Soros has also already headed for the exists as has the disgruntled small investors who had hoped for a quick buck. Personally I wouldn't mind if the price dropped to $4 so I could buy more on the cheap. But I think the upside potential is much greater at this point.
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