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Technology Stocks : Avtel Communication (AVCO)
AVCO 2.120+2.4%Oct 31 3:59 PM EST

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To: Richard B. Haenisch who wrote (7)11/12/1998 4:43:00 PM
From: bazooka  Read Replies (3) of 461
 
it could go to $70 tommorow and i might win the lottery. too bad some traders made more today on AVCO then AVCO did all year. lets see, i own the stock at $2 and i see it at $30. what am i going to do? i bet avco sees $15 tommorow. would you want to own this going into the weekend with all thats happening in the gulf? ask yourself that. risk/reward is on the short side after the squeeze is over.

AVCO-
"For the 6 months ended 6/98, revenues fell 12% to $23.7M. Net loss totalled $3.8M vs. an income of **$173K**.
Revenues suffered from a reduction in sales by affiliated distributors for Matrix. Earnings also suffered from a decrease in gross profit
margin, and an increase in salaries and wages."

regards,
bazooka

ps.. what is it that the say about a fool and his money?
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