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


To: Richard B. Haenisch who wrote (72)11/12/1998 8:30:00 PM
From: Kevin McKenzie  Read Replies (1) | Respond to of 461
 
I can't wait for tomorrow!!!!!

The halt certainly throws a new wrinkle into the mix. A short squeeze is largely psychological. Tomorrow, with the halt, we may see a long squeeze as people rush to unload shares when it does re-open. You can't get an opening bell buying frenzy if the stock is halted.

We'll see . . . there's always something new.



To: Richard B. Haenisch who wrote (72)11/12/1998 8:41:00 PM
From: HiSpeed  Read Replies (3) | Respond to of 461
 
I thought a stock had to be over $5 to be shortable. This thing was only $2 yesterday.



To: Richard B. Haenisch who wrote (72)11/12/1998 10:10:00 PM
From: LTK007  Respond to of 461
 
Richard this is the most satisfying answer I can find--a combination
of daytraders shorting and Kernan's last spotlighting--post taken from
Yahoo.Max

< not the technology..
by: mindyo
140 of 174
it was a short squeeze. The float is so small, and the price so low, it was easy to hoard this stock, while
shorters were shorting into the rally. Then some small squeezes ensued..and then at about 340 pm it got
a cnbc mention...and shot up on a very brutal and vicious short squeeze.

Feel sorry for the shorts involved, and happy for the holders of the stock.

Good luck all.>