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

To: CHIPNHOLE who wrote (1192)	6/8/1998 10:42:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 2887

CHIPNHOLE you asked why was the volume so low today? I feel like it was a microcosm of the whole downward trend. We have not stopped falling simply because there is no buying yet. I think we are sitting on the cusp of a very real move higher again. Last night I sent out an e mail to well over 150 investors. In that e mail I outlined the fact that the last time the stock hit the 200 day moving average which is at .50 it bounced quickly higher. Take a look at the chart here at the intersection of the red and blue lines which represent the 50 day and 200 day moving averages. That was the last time the stock hit .50 and the beginning of the last move up towards one dollar: dailystocks.net What we saw today was what I hope was the last leg down before we hit .50 and bounce higher. The whole way down we have fallen on much lower volume than what we rose on showing that we still have the largest portion of these shares firmly in long hands. Today was perhaps a perfect example of the overall trend. Very few of the shares bought today were at the low. Most of those transactions were very, very small. We are overdue for a rise again in ABMI. Tomorrow just might be the day we bounce off .50 and head higher. Lets hope so! Regards, Jeff