ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: drakes353 who wrote (7409)	2/4/1999 3:05:00 PM
From: Jason Chesshir	Read Replies (1) of 8359

"So, no position at the moment even though I think we'll break $4 before we see $12 again." IMHO drake, your just throwing prices in the air, no basis what so ever, no vision. The US is so efficient, that agriculture goods has always been on the fore front of price elasticity in which price of agriculture goods are in essence purely elastic. Where price is governed base on the law of supply and demand. The introduction of biotechnology will break this trend and in ABT case will add franchise value, no longer will margins be influenced by market elasticity. That is the long-term vision allowing Monsanto with incentives to pay 5-7x revenues and given the success of others..ie soybean and corn, its just a matter of time before forage catches up. Rest a sure longs, we will not see $4 from any aspect, technically & fundamentally. No longer is ABT in a speculation phase after capturing 45% of the market share, its implementation from this point on. Either buy now or chase later.... happy trading to all.

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