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

To: mannyj who wrote (999)	11/27/1997 11:51:00 AM
From: Jim Lang	Read Replies (3) \| Respond to of 8359

Mannyj I do not believe that ABTX will retest 7 1/2 unless there is some major market calamity, and I personally do not see the DJIA testing 7K again. There is strong confidence in the US economy, foreign money is coming in, domestic money is staying at home, Europe is not doing too badly, long term rates have no upward pressure at all even with the labor market being tight. My biggest concern for many months now has been the prospect of strong deflation (rather than Uncle Alan's obsession with inflation), which could throw many sectors of the economy into a tailspin by restricting pricing increases and cutting into margins. The obvious stimulus for this scenario would be SE Asia and possibly Japan, of course. Unless we start to see 2-3% deflation, however, this should not be a problem, and might even benefit ABTX which should not experience any pricing pressure for their products. IMHO, I consider an appropriate buy target for ABTX is perhaps in the low 8s. But most of us believe that the long term prospects for ABTX are so outstanding that by holding for a significant time it will not much matter if buys were at 7 1/2, 8 1/2 or 9 1/2. FWIW, Jim L

To: mannyj who wrote (999)	11/27/1997 11:43:00 PM
From: ARCHIE P.	Respond to of 8359

Good luck mannyi on your desire to buy ABTX at $7.50 or lower. I think that the window of opportunity on that price passed about a month or so ago. If would truely take a world plunge in the deflation area to shake the foundations of the US markets. That which is now in progress in Asia-Pacific area is the same thing that came and passed in Mexico several years ago. It's called growing pains, these markets simply grew to fast and now some of the excesses are being drained from the patients swollen areas. ABTX will see 7.50 again, but it will be 107.50, and thats 5 to 7 years down the road. Just hope I dont have to eat these words, and you are free to put them in your memory banks mannyi.....Arch