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

To: Jeff Sutton who wrote (7243)	1/26/1999 2:10:00 AM
From: Ronald Kronemann	Read Replies (1) \| Respond to of 8359

Jeff, if you deal with small growth stocks a.k.a. story stocks you need a lot of patience and a long horizon (at least 3-5 years). For me this drop is the chance to come on board again. I bought my first ABTX in Jan.97 for less than 3$ and sold in October 97 @10$ to buy a house for my family. Guess how I felt when I saw the stock shoot up to almost 30$ a couple of weeks later. This move was way too fast. People like Richard should still have at least 200% profit and a huge potential for the years to come. Biotechnology and Life Sciences will be big in the next 10 to 20 years. I will put in an order today for 9$ for 50% of my desired longterm ABTX holdings and wait. Have a nice day Ronald

To: Jeff Sutton who wrote (7243)	1/26/1999 9:25:00 AM
From: John S. Baker	Read Replies (1) \| Respond to of 8359

"The chart never lies (I think this ABTX fiasco may have finally turned me into a technician)." Yes. There are some on this thread, including me, who have split their ABTX holdings into two piles. One pile is the retirement money -- buy and hold strategy. The other pile is the trading stash. And some very good money can be made by buying ABTX when the signs are good, and selling when the signs turn bad. Such a program, if followed rigorously, would have gotten one out of ABTX in the $25-27 range in early July, and at about $15 this month. FWIW, I am still long my "retirement fund" portion (plus some April $15 calls which will probably expire worthless), but am not yet prepared to re-purchase my trading stash. Other people ... including Karl Drobnic who occasionally posts here ... buy the stock and accomplish essentially the same thing through the use of buying and selling covered calls upon that stock. When Karl speaks, I listen. The very challenging thing is to believe in one's technical indicators ... and, of course, to act upon them. If you are interested, there are some excellent sites which will assist you in becoming more familiar with some of the aspects of technical charting. P-mail me and I'll jot down a list of my favorites for you. JSb.