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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: ivan solotaroff who wrote (8312)	11/24/1997 11:53:00 AM
From: Doug R	Respond to of 79371

Better late than never: It's actuall still early in the larger scheme of things for ABTE and as such there is some risk. Please refer to disclaimer at the end of this report on the next post. ABLE TELCOM HOLDING CORPORATION EXCHANGE:NASD.............................Ticker:ABTE ADDRESS: ...........................................1601 Forum Place .................................................................Suite 1110 .................................................................West Palm Beach, FL 33401 CONTACT: ......................................... Billy V. Ray TELEPHONE........................................561-688-0400 WEBSITE:............................................ abte.com Able Telcom Holding Corp. (Able) provides design, engineering, installation, maintenance, and systems integration services for advanced voice, data, and video communication networks. The company conducts business through four main operating groups: 1) telecommunications services; 2) cable television services; 3) traffic management services; and 4) communications development. Able's customers include domestic and international telephone operating companies, government entities, and mid- to large-size corporations. EXECUTIVE BRIEFING * INTERNATIONAL MARKET PRESENCE On Sept. 30th the Company announced a new European joint venture for the marketing, installation, operation, maintenance and other appropriate exploitation of Able's proprietary data collection and billing system, Neurolama, throughout Europe and the Pacific Basin. fast.quote.com fast.quote.com The Company has a longstanding presence in Latin America. A contract for communication installation in Venezuela was announced in November. fast.quote.com * STRONG BUY RATINGS Sterne, Agee & Leach, Inc. msbusiness.com Cruttenden and Roth crut.com Ranked number 1 in Telecom Services by Zacks quote.yahoo.com * NEW TOP LEVEL MANAGEMENT TEAM New CEO and new CFO were recently appointed. fast.quote.com Addition of John D. Foster to the Board of Directors to enhance the Company's international capabilities fast.quote.com * EARNINGS !!! Second consecutive quarter of record earnings. Improved profit margin, revenues and operating income. Third quarter: fast.quote.com Second quarter: fast.quote.com * RECORD BACKLOG Current total backlog at approximately $100 million. fast.quote.com * EMPHASIZING DOMESTIC BUSINESS (new contracts) DATE CUSTOMER VALUE COMPLETION 11-19-97 CATV $5.4 mil. 24 months fast.quote.com 10-97 Bell South $8 mil. 12 months fast.quote.com 10-13-97 Virginia $10 mil. 12 months Florida Alabama fast.quote.com Summer '97 COMSAT $2 million Tallahassee $2.4 million Texas $1.5 million fast.quote.com * INSIDER BUYING 1,000 shares bought 10/3/97 at $9.13/share 75,000 shares bought 3/10/97 at $6.00/share (reported in Sept. '97) Insiders currently own about 13% One insider sold 17,000 shares on 8/29/97 at $4.83/share.

To: ivan solotaroff who wrote (8312)	11/24/1997 11:54:00 AM
From: Doug R	Read Replies (8) \| Respond to of 79371

ABTE The Chart: (Well, the darned thing gapped up this AM. Who was it?) It's moving up off a retest of a breakout in the major downtrend. The increased volume as it moves at this point is most probably a confirmation that a significant (not straight up) advance over the short and intermediate-term can be expected. The first test will be in the area of $10. Following a likely breakout above ten, 15 to 16 would be the next expected target. The Technicals Stochastics momentum is just beginning the basis of uptrending support. This indicates that it is quite early to be in ABTE and as such the amount of risk may be unacceptable for some. The intermediate term SMI is beginning a move up from its first higher low that was created as the price moved down. This upward movement of the SMI coupled with the downward movement of the price is called convergence and is a bullish signal. The price over the last 4 days has partly been a reaction to this convergence. The 89 day MA/MLR is also in aearly stage. The MLR is currently under the MA and is tracking the MA closely. This is an optimal configuration from which to complete a crossover. Both the MA and MLR should turn up shortly and it would be expected that the MLR will begin to close on and cross above the MA. As the crossover occurs the stock will likely pull back a bit from this current move and form a base before continuation. This activity means that there is no rush to chase the stock at today's price but as it is still early in ABTE's projected overall move, the current price should not be considered "expensive". The Bollinger Bands are in a solid uptrend (21 day BB's appear to be the period that best suits ABTE). This period BB has just started its next swing up from a higher low than the previous swing up and it could be expected that a 10 week trend up is starting. The 55 day CCI is just starting back up from the area under -100. As it crossed above that value there also occurred a breakout of a short-term downtrend. Again this indicates that it is still early in ABTE's possible advance and there are good prospects but inherent risk should be kept in mind. A grouping of 7 MA's from 200 days down to 8 days is converging but not in typical bullish configuration...yet. The current advance in price should bring all the MA's into convergence from which most significant uptrends begin. This too, signifies the earliness of entry here. The MACD has just completed a positive crossover but is still slightly below the bullish threshold. The long-term (244 day) RSI is above 50 and trending up with a trendline that is just now reaching 50. The 144 and 89 day RSI's are currently crossing above 50 after trending down during ABTE's price retest of the breakout. These periods crossing over 50 at this time supports the likelihood that this move up from the retest will stick and continuation to 10 and above is probable. The long-term stochastics call ABTE a bottom fish while the short-term stochastics are very strong which should help bring the long-term into higher values very quickly. The technical profile of ABTE suggests there is an upside potential well above its old alltime high and for the PATIENT and not too risk averse investor, the current price range is a good opportunity to get in very near the bottom of a significantly rapid intermediate-term move. This TA is not intended as an endorsement to buy or sell anything. Last week I TA'd my neighbor's cat and he sold it. He now regrets the sale of his cat but understands the disclaimer I gave him with the TA and realizes that he alone is responsible for his decision.