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Biotech / Medical : American BioMed (ABMI) a strong buy recommendation of $5-6

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To: Russel W. Kennel who wrote (180)2/26/1997 10:52:00 AM
From: Barry Pearlstein   of 463
 
Russel

RE: MHO RE: KOSTECH

Now don't get me wrong: I subscribe to KOSTECH, and really like the service they provide. I was very excited when I first subscribed and immediately jumped in and bought ABMI. It almost instantly jumped from the 1.56 I paid to 2. WOW was I excited. Then it dropped, then up to 2 again, then this long period of meandering. So I decided to do some chart analysis of Kostech stocks. Here's what I found (on a large; but still limited number of stock charts). Disclaimer: just my own humble analysis.

#1 I did a Kostech news release date comparison to stock price -- and unfortunately found an EXTRAORDINARILY HIGH CORRELATION of price DROPPING immediately after the Kostech article publication.

#2 I just now took a fast glance at 26 Kostech reported stocks to see about performance over the last 8 months. What I see is: Of the 26 stocks:
17 had brief periods of substantial price runups
7 stocks are now substantially higher than 8 months ago
11 stocks are now substantially lower than 8 months ago.

I hope this is useful. Again, I really like the information service that Kostech provides and sometimes their alerts are the precursors for a substantial runup. But as a novice, I have learned that stocks go up and stocks go down. [pretty good, huh!]
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