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: Dennis G. who wrote (70)	11/12/1998 8:54:00 PM
From: Wowzer	Read Replies (3) of 461

Not meant to flame, but I respectively disagree. The last thing the stock market needs is more regulations or oversight on situations like this. Management did nothing wrong here, just a bunch of greedy fools tripping over them selves to see who will be left holding the bag. Let this stock run to the moon if people are willing to pay it let em. No one is holding a gun to their head making them buy or sell. I was sitting at my computer when Joe Kernan came on and mentioned the stock it was trading at 12 went to 14 while he was talking and the rest is history. I didn't buy just watched in amazement. Anybody who has internet access and even the most basic access to market information should have already known about AVCO way before Joe got on. It already was the highest gainer on the NASDAQ. I looked at it at $5 this morning and decided to pass. People must have been sitting by the TV saw Joe mention the stock and immediatly called their broker and told them to buy at market (no way you would have got filled with a limit order unless it was at 30) All this with out knowing a lick about the company, these people deserve to lose their money IMO. The sooner the better. If they didn't know what they were getting into then they should of stayed away. We don't need the government protecting us from ourselves. A few big losses will teach them soon enough anyway. Don't get me wrong I do feel sorry for people who get burned by the likes of CD and CIEN on accounting frauds busted deals etc, which the SEC should look into. However, that is the nature of the market and why you diversify. OK off my soap box, Rory

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