Avtel Communication (AVCO) Message Board

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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: Secret_Agent_Man who wrote (48)	11/12/1998 8:20:00 PM
From: Dennis G.	Read Replies (2) of 461

Caution: My opinion only. I beg to differ with some here on the implications. I wouldn't blame this on "the market". I believe this is greed from a small number of people amplified by a few desperate shorts. I think it is a direct result of excessive, unregulated on-line trading and the casino mentality it has created. I believe there are more stocks trading at exceedingly low valuations right now than these hyper-inflated stocks. It's just that they get all the attention. Seems like nobody wants to buy "value" these days. But I don't think it means the whole "market" is out of control and needs another massive spanking to teach it a lesson. I think a little bit of self-regulation is needed though. This stock, for instance, should have been halted when it got to 10. Even that rise was far too much for any stock to justify on a daily basis. That would have given everyone a chance to find out what was going on before the insanity got any worse. I think there was an oversight failure here today. Please no flames. This is my opinion only. Not intend as a lecture. Dennis

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