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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: LTK007 who wrote (309)11/14/1998 2:08:00 PM
From: Ted Gregg   of 461
 
Yahoo Post # 828

"To all those holding long and thinking that the price might not go down too much, ask yourselves, at what price would you consider buying additional shares? I hope you answered well below five bucks. These scenerios that have the price opening in the teens or twenties are cases of wishful thinking. Does anyone reading this thread plan to buy shares over $10 on Monday? I don't think so.

It will open around $4 share only because some shorts will accept that as a cover. New investors will not pay more than $3 for this on Monday. The press release was, by the way, good news, and if treated as it should have been the stock deserved to go up fifty cents a share.

My recommendation to XXXXXX and anyone else who stands to lose a bundle is this: spend the day with your family or best friends, have a few drinks, and don't let the loss of money ruin more than a few days of your lives.

And good luck with your next trade. "

I thought this was a reasonable post and was asking what a reasonable person would do.

I would not buy at $30 Monday.

Who here has a buy limit order in at $30?

Who here would feel more comfortable with a short limit order of $10?

Good Luck, Ted
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