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

To: glen who wrote (1214)	12/11/1997 2:12:00 AM
From: cocoam	Read Replies (1) \| Respond to of 8359

Glen, Looks like a flagstaff forming. Hopefully a nice pennant will form during a brief consolidation. Then when the pennant comes to a nice apex near 12, possibly, you can get filled for the breakout to the upside. For those unfamiliar with TA, basically a vertical runup on volume forms a flagstaff, which is followed by a slightly descending pennant on lesser volume. When that pennant comes to a point, there will hopefully be a breakout on volume equal in distamce to the height of the initial flagstaff. Assuming 14 is the top of the staff with the bottom of the staff bring about 10,and let's assume a descending pennant reaches it's apex @ 12, then the next move up would be to 16. That's pretty simplistic and other factors could affect the move, but things are looking good. My only regret is that I didn't add to my position last week near 10 :-( Hey, but I'm happy. No need to be too greedy. I guess. CocoaM

To: glen who wrote (1214)	12/11/1997 11:25:00 AM
From: Pete Ryley	Read Replies (1) \| Respond to of 8359

Greetings TM Glen: Yup, still up, for the moment. However, two days ago I decided to dump a bunch of tech and oil stocks and took a pretty good loss on them. So, when I put that loss against my ABTX gain, I net out about a point to the plus. Undoubtedly by the end of the day that will walk away, but What, Me, Worry? Never. I am just content that I have my ABTX stock. To emulate your gtc@12 would have been a better move. But I am perfectly comfortable with where I stand. And, I will be even if it were to fall back to 10 which I highly doubt. 12, maybe. My defination of a maxi position (I regret having used that term on this board) is to be highly (as in, really) overweighted in any given name vis a via others in my so called portfolio. In my case I am violating my own rules of diversification and am carrying three stocks ONLY. Abtx, ccsi and radaf. I am entirely aware that is imprudent, but I don't like the techs or oils and I feel very comfortable with those three because of their fundamentals, management story and my dd, so for the time being I will run what any reasonable person would say is a high risk of overconcentration. Is it possible you did not receive my direct email? Regards, Pete