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

To: tonto who wrote (1440)	11/11/1997 3:13:00 PM
From: PMylnar	Respond to of 3441

AVNT. Dead cat bounce? Looks like it should. Stock is oversold both short (9-month) and long term (2-yr stochastic). Should give another chance to short sell from higher levels. IMO.

To: tonto who wrote (1440)	11/11/1997 3:19:00 PM
From: xrayview	Read Replies (1) \| Respond to of 3441

If AVNT stays true to form, life support (of the institutional form) begins tommorrow and we are long again for a few days and then...another opportunity

To: tonto who wrote (1440)	11/11/1997 5:04:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 3441

>>>Are you paying attention to AVNT today? I was penny foolish and missed it this time around. $25+, wow...this is going to get interesting. Will we have a dead cat bounce?<<< I don't think it's a dead cat bounce if it's just oscillating between 25-30. I was also penny foolish as my GTC short sell order is for 31 (well, I think I will lower it to 29 1/2 now). It got as high as 30 3/8. Missed it by that much. Oh well, I still have my puts if it decides to really dump. A lot of people have speculated that the institutional holders are "supporting" the price, my opinion is that they are trading around a core position. When it gets to 25ish, they'll start buying, giving it enough momentum to propel it to 30ish. They start selling at 29-30, and probably down to 28. Then it falls back to 25ish, where the process is repeated. Do this 10-15 times and you have your initial capital back, and whatever you get when the core position is dumped is profit. Of course by the time someone like me figures out this is going on, it is usuallly just about done. I think we'll see 29-30 (fingers crossed)again before too long. Barb!