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Technology Stocks : AboveNet Communications, Inc. (ABOV)

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To: Tom Hua who wrote (233)4/1/1999 12:38:00 PM
From: Frank P. Pearson  Read Replies (1) of 835
 
I was out respectably yesterday. I couldn't resist the Multex run so I played that one and got lucky there also. I'm now in RNWK. I've wanted to be in it for a long time. I only think it's a short matter of time before they announce a split and also before someone like MSFT acquires them.
By the way, I think you probably are looking pretty good short right now for a while. Technically, I see a return to the high 70's. I don't bet against the market any longer nor do I play margin anymore. I was ALWAYS right for the term of 1 month, but the market bit me several times before that month was up. I over extended myself and got burned. Always snatched up my profits and then some. Powerful lessons learned for me. Good luck.
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