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

To: Big Dog who wrote (7241)	1/25/1999 11:45:00 PM
From: Osothebear_517	Respond to of 8359

Frankly, I hope that the white knight shows up and the lawsuits become moot and I can go buy some conservative dividend paying stocks and look at the beautiful scenery and not worry about w/n the male grasses are messing with the female grasses and whether if they are the female grass is gonna get knocked up by the male grass or some bad ass weed. But after today I know if that does happen, we can call Dr. JT to the rescue and he'll bring his whole band of boilermakers to give the female grass an abortion and then there will be picketing and riots and the inevitable round of lawsuits and we'll be discussing the relative merits of those suits, etc., etc., etc. I think that we may well have happened upon the Groundhog Day of stocks. Over on Yahoo, they were doing movie titles yesterday and nobody mentioned this possibility so its my submission which is what I'm trying to not slip into. Good Night OSO

To: Big Dog who wrote (7241)	1/26/1999
From: Jeff Sutton	Read Replies (2) \| Respond to of 8359

What I learned from this ABTX fiasco. (1) In investing, experts have little edge over the uninformed. There are people on this and the YAHOO thread that no more about the agrio-biotech business than I will ever dream of knowing. Did this help them? Nope. Suckered all. (2) The chart never lies (I think this ABTX fiasco may have finally turned me into a technician). (3) A solid stock can't really be the victim of a "bear raid". (4) A bad CEO can wreck a good company. What a boneheaded attempt to bolster the stock price by publicly announcing the sale of the company within a narrow time frame! I didn't like JT's tone on the CC today. He was still being defensive ("I guess you weren't listening to me" etc.) A miserable performance. Having an abrasive CEO who has no patience with even soft questions is not a good thing. (5) Trust no one, long or short. (6) Pie-in-the-sky longs can do at least as much damage as shorts. (7) Don't put all your eggs in one basket (don't even put a lot of your eggs in one basket). I already knew this, of course. (8) It's only money :-) Go ABTX! (still long but may bail tomorrow)

To: Big Dog who wrote (7241)	1/26/1999 11:07:00 AM
From: Osothebear_517	Read Replies (2) \| Respond to of 8359

After a fitful night's sleep, I have re-accessed my position and decided that you are absolutely correct in your position. The two suits filed yesterday do in fact have considerABLE MERIT. I look at my own position in the stock and realize that it would be no way near as dire had it not been for the incessant assurances which emanated from headquarters. As I noted in an earlier post, I have been an active investor for 30 years. In those 30 years, I have chased buy-out rumors with mixed success and have overall been fortunate enough to be on the plus side in this regard overall. My initial purchases of ABTX put me at an ownership position which was my normal limit for ownership of a long term growth stock. Iwould have very contentedly held that position for several years and anticipated the growth which the company was then projecting. All of that changed on or about Oct. 8, when the news came out of the company they were engaging ML to maximize shareholder value, etc. (everybody knows the rest of that notice by heart). At that point, I felt that something serendipitous had happened to me and that for once in my life, I was in the right place @ the right time. I truly believed in the man and his message. My own history from here in is quite obvious, I overextended myself in the stock because I was given every reason to do so. My reasons to do so were not the chatterboxes on the Internet but rather, the principals in the action. I felt like I was playing Blackjack and I knew what the dealer's hole card was. There are those here who will criticize purchasing sprees such as I made in this stock but I would say to them, if I bought for what they consider to have been the "wrong reasons", I did so for what I felt to be the "right reasons". A significant portion of the stock which I held was earmarked to be a donation of appreciated stock to the local YMCA to help them kick off their building campaign. Another block of stock was earmarked as a similar donation to the local animal shelter and a third block was going to allow me to pay off the mortgage of a close friend who had recently suffered a disabling stroke. So you see my "Wrong Reasons" were good reasons. I am afraid that as a direct result of the collapse of my holdings, none of these projects will be funded. Now back to the lawsuit, I think you are correct that the suit may well pass summary judgment and I think that if the testimony elicited from the suitors as to his conduct towards them showed him to have acted as tempestuous as has been reported that he is capable of being, the Plaintiffs might well prevail. OSO