93 Chevy Putters at go

Hello there.
I've recently bought a 1993 Chevy Cavalier 4 Door, 4 Cyl, only 131k Km's, for $1800 Canadian.
I took it for a test drive at the dealers and inspected it very throughly. After bringing it home, I noticed that it starts to putter when I step on the gas after being at a stop. When I'm at a red light, and the light turns green, I press on the gas, and it feels like maybe the tires are spinning/tranny maybe skipping. Does anyone know what this problem might be? Is there a fix? Also, my ABS light is always on. I don't kno if its that important, seeing as my brakes work fine. So it might just be a sensor.

Thanks
-Tim

check your tranny fluid first!

Sounds like the tranny is slipping

thanks for the replies.
the tranny fluid is full and brand new.
and i found out, that it only happens after i've been driving for a while.

Is the tranny fluid over full after driving and at operating temps with the engine still running?

Sounds like a engine miss under load check the wires and coil packs with a spary mist of water and look for any sparking and replace anything that does.
Need abs code before we can help you on that 1

Is the tranny fluid over full after driving and at operating temps with the engine still running?
Thanks, i'll try that out. As for the ABS code, all I got from the reader was 12, and 66. i forget what they mean, but something about not being able to access the computer.??