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

To: HiSpeed who wrote (102)	11/12/1998 9:35:00 PM
From: MR. PANAMA (I am a PLAYER)	Respond to of 461

YA RIGHT....have you ever been caught in a squeeze....the stress is five times more than been long and gettin beaten up....

To: HiSpeed who wrote (102)	11/12/1998 9:38:00 PM
From: margin_man	Respond to of 461

I'm sorry but patience doesn't work for this kind of gain. Only equity can buy you time. P.

To: HiSpeed who wrote (102)	11/12/1998 9:39:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 461

True. However, imagine if you shorted it today. Imagine that you had, for example, a day trade and were short 4000 shares at 10. Now imagine it goes to 20 and you think, "I'm down 40 grand and it's going to 25 right friggin' now. I need to get out." That's what happened. I'm not saying somebody has not held it short overnight. I'm saying that some people shorted it, and they had to cover. That's why the stock ran from 12 to 34. I saw the bid at 33 and the ask at 50 after the market closed. That's obvious. The guy at 50 knew the guy at 33 had to cover. That's a short squeeze. The guys that were long and sold it above 20 took the short's money. Short squeeze.