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

To: Russel W. Kennel who wrote (503)	4/17/1998 10:26:00 PM
From: advinfo	Respond to of 2887

Jeffery: How would you compare ABMI breakout potential with the one GNNX just made yesterday and today. Do you see ABMI doing about the same thing, say, moving from current price up to around $1.50 or so? Russel, Although your question was directed to Jeff, I'll take a stab at it before I head out. Almost any company that that reports a 60 mil contract will experience an increase in stock price, especially a company like GNNX that was trading around .37 at the time. Many are questioning the validity of that deal. I have not researched GNNX enough to comment on that situation. As for ABMI, I wouldn't be here if I didn't think $1.50 was achievable. My expectations are much, much, higher. I don't expect to see that happen immediately unless ABMI has some valid monster announcement of their own. I'm quite pleased with the current scenario. ABMI is executing and the chart is reflecting that. Have a good weekend, NorthStar

To: Russel W. Kennel who wrote (503)	4/19/1998 11:15:00 PM
From: Jeffrey L. Henken	Respond to of 2887

I took your question over to the 56 Point Chart Breakout TA thread and got this answer from Doug R: Jeff, I started the 56 point TA on ABMI and it got tossed out of the blender on the first speed. There are no real sell signals on it but no buy signals yet either. A nasty downtrending line of resistance is above it. If it can get through that line, it will be a MIMBO though and then I'll be all over it. The line is currently at .89 and on May 25 will be at .75. I imagine you like the fundamentals. The chart is still working on confirming them. Doug R Like the fundamentals? Hell I love the fundamentals! But in truth I think we have got some resistance to work through to make a real breakout. I think NorthStar explained quite well that the right kind of announcement will take care of that quite easily. I truly believe that we have lots to look forward to as ABMI shareholders. GO ABMI! Regards, Jeff