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Technology Stocks : Avtel Communication (AVCO)
AVCO 2.020-2.9%Nov 6 9:30 AM EST
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To: Gerald Walls who wrote (20)11/12/1998 5:35:00 PM
From: Stums  Read Replies (1) of 461
 
The stock movement is not due to a short squeeze. Without looking at the charts or knowing short position before today, how could anyone short before today expect to gain much more than where it closed yesterday. I looked into shorting at the close but none of my 4 clearing houses had the stock to short so I am assuming that not that many people were able to short today. This is simply a case of irrational internet exuberance. Thank you Joe Kernen. IMO This will be back into single digits by next week.
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