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Technology Stocks : Able Telecom (ABTE)

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To: Barronio who wrote (624)3/27/1999 4:07:00 PM
From: david james  Read Replies (1) of 700
 
It will be interesting to see what sort of help this group provides.

frbinc.com

Given the institutions that already have small positions (DLJ, Smith Barney etc), it is clear there are a lot of major groups keeping a close eye on Able. And that large short position is like having a large institution promising to buy 3 million shares over the next few months.

The institutional buying that moved us up from the low 5s at the end of 98 will start to appear in the filings in another month or two. It will be interesting to see who has joined the longs.

DJ
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