Able Telecom (ABTE) Message Board

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Technology Stocks : Able Telecom (ABTE)

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To: lindend who wrote (486)	2/17/1999 11:25:00 AM
From: Questerr	Read Replies (2) of 700

I apologize for any name calling to Mama Bear. Does it bother you Linden (et al), though each time you short Able you don't budge the stock price? Somebody on the other side must be buying? Or maybe… other shorts are covering? Which is it? If it is the former, don't forget you have to re-purchase those shares someday! And what about all that margin interest you are accruing in the mean time! What are you basing your assumptions on that the stock will go lower? Because you want it to? Maybe the analyst @ Kaufman Bros. who is in daily communication with the company, could be closer to the situation than you? All I hear from the shorts is Able has cash flow problems, many companies have cash flow problems - cable companies operated with negative cash flow for years. Per Bloomberg the short interest stands at 2.84 million shares on a float of 7.61 million shares, and according to the some on this board that number has grown in the last couple of days. There is going to be some fireworks when some of you have to start covering. Hopefully your Pied Piper (Asenio) hasn't started covering ahead of you. At 11:10 Nasdaq is down 24 points, ABTE is up 5/16. Good luck to the longs, and even the shorts, I guess!!!

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