Let's face it Larry, ABTX has screwed up. Period. They can blame shorts, chats, message boards, misinformation, Bloomberg, or whatever or whomever they want. They were in a situation where they got greedy in the short term. They made the mistake of putting out stock targets for a buy out/in. That was VERY foolish. I know it, you know it, the shorts know it. Instead of taking advantage of a terrific run up in the stock's price, by issuing more shares when the stock was in the high 20s, they started looking at pie-in-the-sky short term possibilities. They saw other companies in the industry getting purchased for high valuations and they thought, hey, that will happen to us.
The way I see it, there are 3 options for anyone who owns or is interested in owning ABTX:
A. Wait for a couple of years until this current mess gets straightened out and forgotten.
B. Buy more stock at the current or lower levels.
C. Sell now and chalk up a valuable lesson.
I have some stock that will end up in category A. because I believe that there is potential for ABTX. Each must make their own decisions.
One last note, I don't see any reason to be angry with the shorts and I sense a lot of hostility on this board. Those of us who are long should continue to defend our positions with dignity and reason.
JMO, FWIW, BWDIK.....
my best to all,
Michael |
