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


To: Jeff Sutton who wrote (7663)3/5/1999 12:15:00 PM
From: Scott Ferguson  Respond to of 8359
 
Yeah, I think those of us who have been around since the beginning are just in a state of shock watching this thing spiral downward. I'd guess it's going to take a long time to reverse this investment. In the meantime, it has decimated my portfolio. But stuff like this has happened to companies before and they've survived and prospered. Anyone buy Citicorp when it fell to about $4 early in this decade and people were saying it was going out of business? At this point, I have no choice but to keep the faith and be patient. I don't think I'll be buying any more right away however. >>>Scott



To: Jeff Sutton who wrote (7663)3/5/1999 12:56:00 PM
From: Osothebear_517  Read Replies (1) | Respond to of 8359
 
The way things work at my brokerage firm, I will have to be cash up
for all of my stock when and if it reaches 3. That being the case, I will then for the first time in this odyssey have complete control of my stock and will for the first time ever be able to direct my broker to call in my stock and to not allow it to be shorted. This is a situation which I would guess presents itself to hundreds of other investors in this company right now also.

The shorts, for all their bravado, know that they can't cover if there isn't any stock. They also know that for all of ABTX's problems, both real and perceived, that it is not going to go bankrupt. These two points are our salvation here. Somewhere in the next 1/4 to 1/2 point, significant short covering has to start to make its presence felt and the long awaited short squeeze must start.

IMHO

OSO