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

To: justaninvestor who wrote (324)	11/14/1998 7:18:00 PM
From: The Osprey	Read Replies (2) \| Respond to of 461

Ladies and Gentleman, I am not a shorter but looking at this I would be a shorter come monday morning as this is going to tank big time.Another scam that has been blown up by the internet IMHO.I am not in it and I wish everyone the best come monday but get while the gettings good.I see 5.00 within the week and lower by the following week to around 1.00.You can quote me on this. I have a nose for this and my profile says it all. I should be a shorter.....everything I buy goes down. OSPREY

To: justaninvestor who wrote (324)	11/16/1998 11:57:00 AM
From: Gerald Walls	Respond to of 461

The interesting thing for me is that it had already more than quadrupled by the time CNBC carried the story. Why? What in that PR would cause a buying frenzy? A small company with a small float suddenly generates a surge of buying interest. Since the float (less than 2M shares) and average shares traded daily (about 5.8K, and I think this has already been adjusted upwards due to the Thursday activity) are small it takes almost no buying interest to drive the price skyward. One new buyer who wants 5,000 shares would account for nearly all the average volume himself. The stock starts up and the momentum traders jump on, not caring why the stock's running up, just that it is. Great while it lasts but, as someone else here put it, make sure you have a chair when the music stops.