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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Chip Roos who wrote (16189)	7/8/1999 6:32:00 PM
From: david james	Read Replies (1) \| Respond to of 29382

Basic description abte.com Forcasts earnings.nasdaq-amex.com I think the best part is the recent institutional buying Institutional holders WellingtonManagementCompany,LLP__574,9000 GardnerLewisAssetManagement,Inc.___410,0000 GreenvilleCapitalManagement,Inc.______304,972 JohnHancockMutualLifeIns.Co._______286,653 DimensionalFundAdvisors,Inc._________222,800 BlueRidgeCapital,L.L.C.______________220,000 FleetInvestmentAdvisors(Mass)_______200,080 TheVanguardGroup_________________143,600 BarclaysGlobalInvestors,N.A._________128,026 SmithBarneyAssetManagement________103,000 TopTenTotals:_____________________2,594,031 +1,538,808 *Denotes new position in most recent quarter. This was once a company attacked by the shorter Asensio because they had floorless convertible debentures and he helped to short it down, but they have since brought in people to clean up their financial position - which includes help from Worldcom. They do about $200 mill a year in work for Worldcom at a fixed profit level, and Worldcom has lent them a bunch to clear out all the remaining debentures. Worldcom also owns a good percentage of Able shares following Able's buyout of MFS. Still about 2.7 mill shorts, although that is falling (a bit less than 25% of the # of outstanding shares). Still a good squeeze is certainly possible. I am quite confident, but it might not really move until the annual meeting and they get to clear up all the remaining problems with their financing. David