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Non-Tech : Invest / LTD
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To: drsvelte who wrote (5348)11/12/1998 6:04:00 PM
From: drsvelte  Read Replies (1) of 14427
 
AVCO con't

USE caution if you short!!

Avco has a very small float -- less than 2 million shares. So in effect, they changed hands twice today. This can make for an extraordinarily scary short squeeze if there is a lot of buy pressure resulting in the shorts having to cover -- al la KTEL. It's possible this thing could double tomorrow before collapsing.

There 10-Q was recently released and there is nothing about AVCO to remotely suggest it justifies its current valuation.
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