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Technology Stocks : Avant (AVNT) -- Ignore unavailable to you. Want to Upgrade?


To: Chung Yang who wrote (1193)10/23/1997 8:37:00 PM
From: Cosmo Daisey  Read Replies (3) | Respond to of 3441
 
Chung,
I am puzzled by the optimisim expressed by the longs on this board. I guess I will never understand it. All the great short stocks have had this kind of support all the way down to $2 and below. If I was long or considering going long I wouldn't go near this stock knowing the history of the company. It seems the longs are the last to get the message. A short squeeze isn't going to happen because too many shares are out and the danger would be holding the large number of shares necessary to put the squeeze on when the price collapses, stupid things happen in the market but tring to squeeze AVNT would be financial suicide. If you look at the chart it should be telling you that the rallys are getting weaker and the lows lower. I would bet that the funds are manipulating the daily trading to ease out of their positions.
Coz



To: Chung Yang who wrote (1193)10/23/1997 9:15:00 PM
From: fut_trade  Read Replies (1) | Respond to of 3441
 
<<Another bit of speculation. Costello not only resigned as the CEO,
but also resigned from the board. This is very drastic. I think the truth will come out soon>>

My guess is that the resignations are to help his old company save face for his own recent actions.

Peter