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


To: lawrence lerner who wrote (7440)2/8/1999 3:24:00 PM
From: Anaxagoras  Respond to of 8359
 
I'm sorry, lawrence- I really don't understand what you were saying in your post.

Regards,
Anaxagoras



To: lawrence lerner who wrote (7440)2/8/1999 6:37:00 PM
From: The Ox  Read Replies (2) | Respond to of 8359
 
Let's face it Larry, ABTX has screwed up. Period. They can blame shorts, chats, message boards, misinformation, Bloomberg, or whatever or whomever they want. They were in a situation where they got greedy in the short term. They made the mistake of putting out stock targets for a buy out/in. That was VERY foolish. I know it, you know it, the shorts know it. Instead of taking advantage of a terrific run up in the stock's price, by issuing more shares when the stock was in the high 20s, they started looking at pie-in-the-sky short term possibilities. They saw other companies in the industry getting purchased for high valuations and they thought, hey, that will happen to us.

The way I see it, there are 3 options for anyone who owns or is interested in owning ABTX:
A. Wait for a couple of years until this current mess gets straightened out and forgotten.
B. Buy more stock at the current or lower levels.
C. Sell now and chalk up a valuable lesson.

I have some stock that will end up in category A. because I believe that there is potential for ABTX. Each must make their own decisions.

One last note, I don't see any reason to be angry with the shorts and I sense a lot of hostility on this board. Those of us who are long should continue to defend our positions with dignity and reason.

JMO, FWIW, BWDIK.....

my best to all,
Michael