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

To: REM who wrote (1379)	6/30/1998 10:10:00 PM
From: greg Benfield	Read Replies (1) \| Respond to of 2887

I too talked to Mr. Rash today. HE seemed very optimistic about the company...and very frustrated about the stock price. He seems very on top of things and made me feel much better. I am happy again. Greg

To: REM who wrote (1379)	7/1/1998 1:31:00 PM
From: Bill Fortune III	Respond to of 2887

REM you are correct! ABMI is appears to be greatly oversold at the moment and for many will present a great buying opportunity. The lower 1/3 of the chart below is base on the Relative Strength Index (RSI) is a momentum indicator: chart1.bigcharts.com RSI quantifies price momentum. It depends solely on the changes in closing prices. RSI is less affected by sharp rises or drops in a security's price performance. It gives a better velocity reading than other indicators. RSI equals the average of the closes of the up bars divided by the average of the closes of the down bars. The time frame specified determines the volatility of the indicator. For instance, a 9 day time period under study will be more volatile than a 21 day time span. The RSI ranges between 0 and 100. RSI is said to indicate an "overbought" condition when it is above 80 and an "oversold" condition when it is below 20. However, the buy and sell level varies depending on the amount of bars used in the calculation. A shorter span of bars will result in a more volatile indicator which reaches further extremes. A longer amount of bars used in the calculation results in a less volatile reading which reaches extremes far less often. In my opinion I feel we will see a strong turnaround in the next few weeks. Also James and Ray thanks for posting the information you did. ABMI Long, Bill Fortune III