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


To: Jim Rokosh who wrote (8626)12/1/1997 4:46:00 PM
From: James Strauss  Read Replies (1) | Respond to of 79313
 
ABTE....

>>>What's going on with ABTE? I checked the SI thread but no new posts. Looked like it was heading to around 10 last week.<<<
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Jim:

The fundamentals look very good... They have 100 Million in backlogs... That's more than their 12 month Revenue run rate...

Moneyflow and MACD are still positive... Selling has been on very low volume... I bought at 8.00 today...

Jim



To: Jim Rokosh who wrote (8626)12/2/1997 2:24:00 AM
From: Doug R  Read Replies (3) | Respond to of 79313
 
Jim,

The short-term technicals show bottoming here at a level that ABTE typically needs 3 to 5 days to start back up from. Everything looks normal. A zig up with a smaller zag down followed by another zig up and another smaller one down...just like all stocks that go up do.

Doug R



To: Jim Rokosh who wrote (8626)12/2/1997 4:07:00 PM
From: James Strauss  Read Replies (1) | Respond to of 79313
 
ABTE....

Jim:

ABTE appears to be regaining its Sea Legs.... Up 7/16 on twice the daily average volume... The 100 Million they have in order backlogs is 33% higher than their current 12 month Revenue run rate...

Jim