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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fortune III who wrote (322)	3/26/1998 12:51:00 PM
From: Aishwarya	Read Replies (1) \| Respond to of 2887

RAY and ALL, It looks almost as the news was waiting to be released when the trend is downwards to push it back to the .7 level which has been pretty much the baseline. Hope it will stay there and prepare for the next leap to over a dollar. Todays news is very significant for 1998 and 1999 revenues. I am taking a small postion of the news release: ''To support the full-scale promotion of the company's balloon catheter products, initial stocking orders have been placed. These additional distributors will give American BioMed complete sales coverage in North America for the first time in the company's history. Also, American BioMed expects to announce in the near future additional international distributors to expand upon its growing global distribution network.'' For those naysayers who still feel ABMI is a dog as it trades on the bulletin board are in for a quick surprise soon. See other companies like IOMG etc which traded on BB's and became very powerful forces to reckon. The numbers game is about to begin here and this is early on. the business is high tech medical devices and now the company has completed distribution network for its products in the entire Northern United States and Canada. Lack of proper hindsight makes us not focus on whats new for an explosive growth and when we see a penny stock trading at $4 - $5 level we wonder sometimes why we did not get in at .5 level. To me it looks like that kind of scenario. Any takers ? BTW: Its very hard to play that game of getting in and out quick. Also then doing trading will be a full time job on its own. Actually day traders are good for a stock as they are the ones who cause heavy momentum play which makes us aware of the potential a stock could have on any given days trading activity. This is what attracts the TA players to buy stock and FA then comes along with the other people who do not trade by TA. Regards, Sri.