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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Donna Carey who wrote (1824)	12/11/1998 4:39:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Donna: ABTX - Not that I saw. However, I did hear some on the TM thread speaking about it. Volume was not up substantially and it dropped 3/4. I would say that their was news or rumor someplace around. I will ask around the ABTX thread tonight. A little bit more and I think it will be attractive again. It used to be a great trading vehicle. Nice 3/4 - 1 point intraday swings, sometimes multiple times in a day. TJ

To: Donna Carey who wrote (1824)	12/11/1998 6:58:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Donna: ABTX - As it turns out, Fidelity significantly reduced its position in ABTX due to price non-performance from what I am hearing. The tax loss selling season is not done, as many think. Significantly done yes, but some still remains to be seen. I will stay out of ABTX probably for the remainder of the year, but I will be buying at some point .... most likely when I feel it has bottomed. Perhaps it will become the trader it once was about 3 months ago. I think many were reluctant to trade it when it was near 15-17. But around 9-10, buyers will reappear again, IMO. TJ