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

To: Lucky who wrote (1275)	12/12/1997 6:43:00 PM
From: $hark	Read Replies (1) \| Respond to of 8359

Lucky: I sure hope you are right and it hits 12, I'll be loading the wagon. This is definitely an E ticket ride. Larry

To: Lucky who wrote (1275)	12/12/1997 8:19:00 PM
From: cocoam	Read Replies (1) \| Respond to of 8359

Lucky, Twas I who tossed out the TA re a pullback to 12. However, Glen is right when he says the flagpole of which I spoke, has yet to see it's top. If you are very nimble, you probably will make a couple of bucks early Monday. I would put in a standing buy order before the market opens and then glue myself to the screen. If you get a pullback, it will be sooner than later. Don't forget, shorts will be covering, too. With this additional runup to near 16, my pullback is hereby revised to approximately 13 (that's a 50% retracement via a pennant). If Barron's puts anything in tomorrow's edition, you could get quickly burned. Never stand in front of a speeding train! Good Luck CocoaM

To: Lucky who wrote (1275)	12/12/1997 8:38:00 PM
From: LTK007	Read Replies (1) \| Respond to of 8359

Ah,Lucky Shorts has arrived.You have a good thread Lucky.I to think it needs a breather and is ready for a pullback and rest--if it should gap-up some more I will quote something someone said on your thread to a shorter"ABTX,be careful,it could be dangerous".So be ready to pull the trigger and cover if it starts to uptick at the get-go.Max p.s.But MY GUESS is pullback to 13&1/4 and then to settle in at +14 until its next move up.

To: Lucky who wrote (1275)	12/13/1997 3:06:00 AM
From: glen	Read Replies (1) \| Respond to of 8359

Lucky, You may be an excellent scalper and, have a good feel for the market, but when it comes to TA, you should really learn the lingo. A top is only a top if the down trend is broken. ABTX continues to make breakaway gaps and new highs...definitely not topping action: quite the contrary. Increased volume on a breakout or a "gap up" is confirmation of bullish activity. As a matter of fact, it is a move up on light volume, that is sometimes a warning of a pullback. In addition, when breaking out into previously unchartered new historical highs, there is no resistence. While there is always buying and selling going on at all different prices, there is no reason to expect a heavy layer of sell orders at 16. So, while you may be a good trader, or just... Lucky, your stated reasons are wrong, even if your trade is a winner. I am only critical of your terminology on TA. glen