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Technology Stocks : Able Telecom (ABTE) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (318)9/14/1998 8:30:00 PM
From: JOHN IACOVACCI  Respond to of 700
 
I bought in a $3 so I'm in great shape.

This stock wouldn't have hit $1.75 if it were not for Asensio &
company putting out press releases and creating a 2.7 million
share short on a 8.2 million float. The play that Asensio made was
ABTE could not finance MFSNT acquisition and would lose millions.
Anyone who covered short made big bucks but the fact of the matter
is the acquisition was made and the financing was done by WCOM so
Kauffman target of $29 a share might still come true.