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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?


To: InvestorLady who wrote (885)10/28/1997 5:15:00 PM
From: glen  Read Replies (1) | Respond to of 8359
 
Hello Anette,

The action today on ABTX, and so many other equities, may end up being a classic bear trap. The net technical action is very positive for ABTX, as it flushed out stock from those weak hands into the hands of what I believe to be are long term holders. A lower low, and a higher high, than yesterday, coupled with a volume surge and being up 5/8 on the day is a technical reversal of the recent short term correction.

I look forward to your comments on the conference call.

regards,
glen