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To: James Strauss who wrote (57511)	11/16/1998 11:35:00 AM
From: HairBall	Respond to of 58727

James: Thanks. Market Manipulation lives... AVTEL COMMUNICATIONS (AVCO) 9 3/4 -21 1/4. It is not a good day for shareholders of this provider of broadband network services, especially those who bought near the top and sold at the market open. After posting an impressive rise of 1277% on Thursday, the stock was halted all day Friday as the Nasdaq stock market sought the receipt of further information from AvTel regarding its new Internet service. Late Friday, AvTel said that it has no specific plans to extend its DSLink Service outside of downtown Santa Barbara, but would provide service to Goleta and Carpinteria when local carriers enabled ADSL service in those areas. However, the company has no plans at this time introduce its DSLink Service in other regions that allows for high-speed Internet access over Asymmetric Digital Subscriber Line (ADSL) at 50 times faster than conventional modems. Given that the stock was not traded on Friday, anyone that placed a sell order at the open today got ripped-off by the market makers as shares of AVCO opened at $3 1/2 before rebounding. This is terrible news for anyone that got in on Thursday following the announcement by the company of its new Internet service. While the volatility in the stock should be expected given the meteoritic rise on Thursday, the weak opening this morning should be questioned as the stock was quoted between $25-$29 a share just prior to the first trade being conducted. It seems that the market makers were able to entice interest in the stock by providing quotes that were not near the open and in the process lured sellers into putting orders to dump the stock at the market. Accordingly, anyone placing an order at the markets got screwed today. trading.etrade.com Regards, LG