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Technology Stocks : ACNS: American Communications Services
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To: Ruth Macellari who wrote (85)2/9/1998 10:58:00 PM
From: Satalink   of 102
 
It's a good stock to have. I just thinks it's a bit over rated. Today was a warning that should not go unheard. That's my opinion. If I where long on this stock since about 8 or so, I wouldn't worry about it. But if you're in at say over 13, I'd keep a close eye on it and would definitely put stop losses in place. I hate to see anyone get burnt. I'd put a stop loss at 14 1/2 depending on where you got in. But if it breaks 14.5 I would say that it is (in you case) in danger of doing a stairwell decline, all-dependant on up coming news. My opinion is that this is a fine stock to own for the long haul. But, that's not my style.
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