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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (5434)1/5/1999 10:17:00 PM
From: Bogeey   of 90042
 
AVCO you may recall a few months ago or so when this stock went from around a buck to 30 then halted for over a day I think while the NAZ tried to sort out what was going on with the stock. In any event, there seemed to be a mixup on a press release that led people to belive that they had developed and released a modem capable of sending and recieveing data at 128kps or something like that. The truth turned out to be that they had only announced that they had a finished a network capable of carrying data at 128kp for internet connections. No big deal really, just another internet provider with high speed access. Then after I think 2 days of halted trading the stock took a major nose dive. Not sure why the run up today, but no one should look at the 52 week high and think that it represents this stocks potential. The actual story is something close to this, can't remember specifics other than the gist of the story is what I have posted here.
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