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Microcap & Penny Stocks : ABTX - Agribiotech

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To: drakes353 who wrote (7927)5/2/1999 7:28:00 PM
From: W Shakespeare   of 8359
 
Hmmm...a whole day passes with no insults being slung back and forth on the ABTX board. Anyone remember the company we are theoretically discussing?

Earning estimates sit at $0.16 for the quarterly results to be announced in two weeks. The company has already made it clear they will not meet the consensus. However, I expect the company will make some kind of good news announcement to make up for the shortfall. I will be watching the balance sheet closely.

The run-up of the last week is setting up many for a fall. Many are playing the takeover rumor game, again. This is, IMHO, a stock to buy for the long-term. No company is going to acquire ABTX until it is profitable (and ABTX is not going to be profitable for a while).
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