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

To: drakes353 who wrote (7719)	3/13/1999 9:55:00 AM
From: John S. Baker	Read Replies (2) \| Respond to of 8359

I have the current resistance level pegged a bit higher than that ... probably around $9-ish. Of curiosity, I'm wondering what you are using to define your resistance level -- is it the dual intra-day lows of late August and early October (as in Point and Figure charting)? JSb

To: drakes353 who wrote (7719)	3/13/1999 11:22:00 AM
From: Osothebear_517	Read Replies (2) \| Respond to of 8359

Dear Mr. Drakes- Your resistance levels won't mean a damn thing one of these days when the words Trading Halted are posted with regard to ABTX. You managed to get through this current crisis by virtue of the confluence of a number of incidents which will not repeat themselves and without which, there would already be an equity partner at the minimum and a new owner in all probability. By your own posts, you admitted that you were fully covered at approximately the 16 level. You didn't do this as a display of your confidence in your own demented strategy, you did it as a result of your understandable fear that JT had actually called his shot and pulled off a deal. Unfortunately, the date that JT chose as his target date was within the 6 month period for insiders to realize their profit on their own stock purchases. These parties were integral to ABTX's future and could not be lost to the company or its franchise value would in fact be irreparably damaged. The lack of integration at that time speaks to the fact that JT is a splendid negotiator of acquisitions and has significant foresight as to the needs of the company as is proven by the r/d alliances which he has struck and the world class personnel whom he brought on board. Unfortunately, once his baby had been delivered, he wasn't as willing to sign the adoption papers as he thought he was going to be during the pregnancy. He has been punished harshly for this failing and most unfortunately, so have the legions of shareholders who followed his dream. That dream is now over, the company is in the strong hands of individuals who are businessmen and are devoted to the ultimate super-enhancement of stockholder value, including their own. You will never see the careless slips of the tongue from Budd and Blum that you saw with JT & JF. Absent those guffaws, you and your squad will have far less information to distort through your dupe, Evans. You have stated that there will never be a short squeeze in this stock. You are probably right from a technical standpoint since there are just too many shares of stock out there to get a stampede effect. That alone does not say that it is going to be an easy proposition to sweep 7 million shares under the rug or that there won't be many who follow your mantra who won't get fried to a crisp. The DD/PHB dealings were significant to ABTX. I found it most interesting yesterday to watch and compare the trading of ABTX and PHB between 3:30 and the bell. AbTX was a virtual microcosm of the PHB trading. After a brief dip, they both ran strong right up until the close of trading. Both of them added significant volume during that stretch and both seemed to indicate momentum which will probably carry forward in to Monday. With its R/D tools (especially Hybrigene), ABTX is significant to other seed producers in other sectors. DD will have to turn to licensing agreements with ABTX to realize the benefit of this process if they don't partner with us or buy us out. They are basically starting their life sciences department from ground zero. They are ABTX 3 years ago with the single exception that they have fat wallet with which to work. They are not going to pass up this accumulation of distribution, R/D and market position in a burgeoning sector w/o a struggle. The dealings we watched yesterday were the first volley across the bow in the next battle of ABTX. There will be many other suitors back at the door once they realize that DD may well be still sending flowers and candy to Henderson. You may in fact pull off one more short raid, but it won't be as deep or as damaging. OSO