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Biotech / Medical : American BioMed (ABMI) a strong buy recommendation of $5-6 -- Ignore unavailable to you. Want to Upgrade?


To: Greg Zielinski who wrote (442)1/1/1998 4:19:00 PM
From: Larry E Smith  Respond to of 463
 
Just about even on the bulls and bears with this stock. I am bullish long term on the company. I agree that microcap stocks are a scary bunch but I like this one. Market Cap for this baby is under 7.5 mil most trading sessions.



To: Greg Zielinski who wrote (442)1/1/1998 8:39:00 PM
From: Doug Meetmer  Read Replies (1) | Respond to of 463
 
Greg,

I appreciate your opinion, however, I disagree.

This company has has plenty of time to market its products to
hospitals and has not been able to achieve penetration. It does
not matter how many patents they have if they cannot sell their
products. Further, I personally have reviewed and tested one of
their products and was disappointed and could only imagine other
physicians also being disappointed.

This stock has been hyped and manipulated in the past and will be
hyped and manipulated in the future. My average buy in was about
$1.25 and I sold for $0.46. Clearly, I am a good stock timer.

My advice to you and everyone else would be to not be afraid to take
profits if this stock goes for a run up in the New Year, because I
sincerely believe that any run-up will be unrelated to the fundamentals.

Good luck,

Doug