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

To: Gerald Walls who wrote (278)	11/13/1998 7:17:00 PM
From: Beermeister	Respond to of 461

Business Wire and PR News Gets Picked up Internationally over the Internet, even if it is a local story. Most publicly traded companies want this because they have shareholders all over the world, not just in a local area. I think you guys are overreacting to this whole deal. The stock may go down a little or it may go up. A lot of it depends on the supply of the stock and who bought it on the way up. The public float is under 1.9 million. If it was bought heavily by insiders (whom will probably hold), the actual float on Monday may be much less. The stock was already up to $12 when the CNBC story broke. If people don't panic, the mere fact that CNBC has been talking about the stock along with its Internet coverage may be enough to bring in new buying on Monday. I would not guarantee the stock will go down. All the Internet stocks are grossly overvalued. Discovery may mean the difference between a $12 stock and a $100 stock. AVCO now has national coverage and may be looked at now. Next week will be interesting to say the least.