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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (4625)	8/26/1998 4:08:00 PM
From: Ariella	Read Replies (1) \| Respond to of 8359

RESEARCH ALERT - AgriBioTech strong buy repeated MINNEAPOLIS, Aug 26 (Reuters) - George K. Baum & Co. analyst Bonnie Wittenburg on Wednesday reiterated a strong buy rating on seed company AgriBioTech Inc. (ABTX - news), whose stock fell sharply on Tuesday after rumors the company says are false were posted about it on an Internet message board. ''Yesterday AgriBioTech's stock fell over 25 percent -- probably due to stock trading on what we feel were improper and unfounded rumors placed on the Internet,'' Wittenburg said in a research note. ''There is also a large short interest in this stock, and the action could have also been the shorts fanning the flames pushing the stock down even further.'' AgriBioTech said during a conference call this morning that damaging statements about the company posted on the Internet were false. ''We felt the conference call was very constructive,'' Wittenburg said. ''There was no news or anything discussed that would even remotely change our opinion on this stock or prior commentary on AgriBioTech. We applaud management's quick, frank and public discussion of the rumors in the conference call, which should go a long way in putting these rumors to an end.'' The stock was down 5/16 at 11. ------------------------------------------------------------------------ More Quotes and News:Agribiote