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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Vegas Kate who wrote (15406)11/12/1998 5:48:00 PM
From: Doug Fir  Read Replies (1) | Respond to of 18691
 
I wouldn't touch AVCO early tomm., except as a long. Some sort of manipulation, but it's not a short squeeze...yet. ViWes shows no shorts for sept and 5 days outstanding in aug with only 4k daily volume. This looks like a KTEL-style meat grinder --- dare the shorts and kill them over the weekend.



To: Vegas Kate who wrote (15406)11/13/1998 12:37:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 18691
 
Kate, I would short more if it continues to run - but NASDAQ rightfully halted the stock and I am leaving on a road trip. If for some reason they actually let this scam trade tomorrow, I have an order to short more at a price higher than today's close.

But I honestly expect to cover AVCO at less than the $8 level where I went short. It's a pathetic local ISP using technology which is widely available, and few people will want if they can get cable modem service instead.

I may be wrong. But I am certainly not covering this POS in the double digits. There is serious fraud going on here.