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


To: LTK007 who wrote (51)11/12/1998 8:27:00 PM
From: Richard B. Haenisch  Read Replies (3) | Respond to of 461
 
Max,

<<As of Sept. 8th there were NO shorts on this stock--and this happened so fast I doubt many got a chance to short it today--I see no short squeeze here...>>

YOU ARE KIDDING, RIGHT!? WHAT DO YOU THINK DAYTRADERS DO ALL DAY?

THEY HAVE BOUGHT AND SOLD THIS STOCK ALL DAY FROM $4 ALL THE WAY TO #31

Max, my friend, you need a reality check - Over 25% of the daily NASDAQ volume is because of DAYTRADERS!!!

There is A HUUUUGE SHORT SQUEEZE GOING ON!

I can't wait for tomorrow!!!!!

Rico

P.S. Good luck to everyone!



To: LTK007 who wrote (51)11/12/1998 9:27:00 PM
From: Don Pueblo  Read Replies (4) | Respond to of 461
 
I humbly disagree. What you saw today from 12 (when Joe Kernan mentioned it), to 34 (which is where it traded after 4:00) was the nastiest short squeeze I have ever seen. Some people were short, I know one of them. I don't know how he shorted it, and I don't know where, and I don't know how many shares. I know he lost a fortune.

After hours, before it was halted, the bid was around 33 and the ask was 50. That's right, 50 bucks.

That was a short squeeze. That was the short squeeze.