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Microcap & Penny Stocks : Abatix - ABIX
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To: Bob Davis who wrote ()2/11/1997 2:29:00 PM
From: Bob Davis   of 62
 
About a week ago I talked with Frank Cinatl, the CFO at Abatix. Of
course I asked whether there were any "events" which would cause
the recent decline in its price, and he confirmed that the Company
was generally on track, and that there were no internal forces
driving this price movement. He indicated that revenues for fiscal
1996 were in line with the Company's previous projections of an
approximately 20% increase for the year. The Company is aiming
toward releasing their 1996 financial results around March 4th. As
soon as I have this information I will e-mail it out to you, and I will
update my Analysis of ABIX and publish it in The Napeague Letter.

Although the price of ABIX has gradually dropped to below $3.00,
it has done so on relatively low volume, which indicates to me that
this decline is driven by a lack of demand, and not by "impending
adverse news" For the last several days, momentum-based
indicators have been signaling potential upward price movement.

The preceeding was taken from the February 9th issue of The
Napeague Letter. If you would like a free subscription, please e-mail
me at rmdavis1@ix.netcom.com. This subscription is absolutely
free - no one will try to sell you anything and your e-mail address
will not be used for any other purposes.
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