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Technology Stocks : Avtel Communication (AVCO) -- Ignore unavailable to you. Want to Upgrade?


To: Stums who wrote (21)11/12/1998 5:45:00 PM
From: Anthony@Pacific  Read Replies (1) | Respond to of 461
 
I hate to disagree with you there are several market-makers who are short...They took a pretty good stand at 22 and kept shorting to the public buyer...in the hopes they will cover lower shortly after....I would guess at least a 500,000 shre short exists just among the market makers....with an average trading volume of 2500 shares...It would take 200 days to cover..assuming no one else traded the stock...

That is what makes this so scary..It literally could keep going up for several days...The squeeze has not even really started... Tomorrow will be very ugly for the market makers who are short..
It will need to hit 70 to 80 inorder for the volume and money flow to match up with the desperate need to cover...This company has more in sales than many Internet Companies that have been flying high...But I would like to point out that these prices are risky and you could lose all your money( Short or Long )..Remember....Nothing goes straight up....and nothing ever goes staright down( Unless it's halted or BK )