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

To: John S. Baker who wrote (7646)	2/27/1999 1:26:00 PM
From: Diddlysquat	Read Replies (3) \| Respond to of 8359

David Camron, John Baker, JT, All, Let me try to put this thing to rest. First, I do apologize if I came off on the hostile side. My statement regarding JTs stock was an extrapolation from a news report that JT was forced to sell shares due to a margin call. In no way did I intend this to be construed as illegal or improper. My wording of the "company stock" was improper on my part. I should have said "stock" or "his personal account". What I was attempting to impart was that, "IF" JT was margined on ABTX, he may have been more interested in the stock then the company. Again, I apologize, to JT and everyone else if I seemed to imply anything other then stated above. As for the Oracle system, I was not aware this was in the works. I'd have thought that something like this would have been planned from the onset. It is difficult for me to imagine not having such a system. I have been following this company for a tad over a year and if I did not find some merit I would never have bought the stock. However, I did not buy ABTX for some noble cause. I bought to make some money. Actually, this is one of my more conservative plays. As stated in another post, I thought this to be a pretty good covered call stock worth 8 or 9 percent a month, maybe more if I caught the swings right. Originally, the dialog I had hoped for was more along the lines of "How can we recoup our loses" and still keep the stock". So, if you gentlemen will let me off the hook here, I'd like to share how my plan is working and perhaps we can dig our way out of this hole. My cost factor was 12 1/2 before the last drop. I got a covered call write off at 1 1/2 at that time also. Cost factor = 11. After the drop I bought back the calls for 3/16. Cost = 11 3/16. Sold July 5 calls for 3. Cost = 8 3/16. Had the stock gone back up I would have had a 3 3/16 loss. At today's price I can buy back the July 5s for 1 1/8, bringing my cost up to 9 5/16 and then sell Oct 7.5s for 7/8 which would bring my cost back to 8 7/16. The only benefit from the last two trades is the 7.5 give me a bit more breathing room. I prefer the further out calls because they carry enough time value in the premium to reduce my chances of being called out and they require less trades which saves on the commissions. Again, I apoligize if I misstated my case. My intention was nothing more then to vent a little anger and to open some constructive dialog. bd (Bill Damerell)