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Microcap & Penny Stocks : STREAMLOGIC CORP (STLC)- This stock is going to fly! -- Ignore unavailable to you. Want to Upgrade?


To: Roads End who wrote (2669)3/2/1998 8:59:00 AM
From: John Goodman  Read Replies (1) | Respond to of 2840
 
Steve:

This company ran way ahead of itself price wise starting from around December of last year. They are in the process of consolidating a here-to-fore fragmented forage/turfgrass seed industry. They are growing through acquisition and that has some very worried. If you look at how they are financing this growth, it doesn't look bad at all. The growth is and has been so rapid that even the information you get from the net doesn't keep pace. Hence, there is a lot of misinformation floating around.

From an investment perspective, I think ABTX price has a little farther to drop. My take is to around 13. Some think 10 but even the shorts don't think it will go any lower than 10. TA doesn't support a drop to 10 but you never know. Presently, there is heavy support at 14. If it breaks 14 on heavy volume, the correction is not over. So that I don't take any more STLC space, I'll contact you email from now on regarding ABTX. I think there is real money to be made here in the next two-three quarters.

My apologies to all remaining STLC threaders for taking space on the STLC thread. I won't do it again. Riechers and I will communicate via email from now on. OK Steve? I have your old email address but please send it to me again, just in case. Mine is ggl205@swbell.net. I'll be out of town and not near a phone jack to connect my computer to. I'll talk to you Wednesday or Thursday unless something changes.

John