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

To: PMylnar who wrote (1437)	11/11/1997 10:53:00 AM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 3441

PM, AVNT is a time bomb tic, tic, tic, waiting to go off. The tech sector is dumping, the analyst community is getting weary of AVNT. The change in managment at CDN hasn't changed their posture towards AVNT. The price is bearish. The risk of a squeeze to FMR is too great, they would have to buy millions of shares and any rally would probably attract some longs that are nervous about their holdings and would sell holding the price back. FMR would need the help of the other large holders to rally this one and I don't think that would happen. Notice the big volume days don't increase the price very much? Someone is selling into the strength. Also, FMR would end up with an even bigger position in a weak stock in a weak sector with a question about their product line being pulled from the market. Too big a risk for FMR. Short squeezes never work when the bears are right. Fidelity has a history of dumping huge holdings when they have made a bad decision so that is a possibility also. Technically at this point the sideways movement of the price with a gradual weakness for several months starting on July 14 at $34 through today at $27 for a seven point decline looks more like a bear than a bull. I don't think the price will collapse in one day unless a ruling from the court hits the stock but the gradual decline should continue with occasional weak rallys appearing. Coz