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Technology Stocks : Able Telecom (ABTE) -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (496)2/17/1999 6:18:00 PM
From: Questerr  Read Replies (1) | Respond to of 700
 
Auric, come on buddy give it up, Nasdaq was down 65 points (almost 3%) and Able hung in there, up 7/16 or 5% for the day. Just imagine what the stock price would be doing if you weren't shorting into it? Now try to imagine what it will do when you have to cover? Maybe Asenio realizes there isn't going to be any more bad news for a while and has started to cover? Do you think he would tell you if he was covering, do you trust him? Shorts keep their cards close to the vest, you know because you are playing musical chairs, hoping Asenio doesn't sit down before you do. Longs on the other hand support building businesses, not tearing them down. It must be hard always being the cynic.

Zacks reports analyst projections, nothing more, so unanticipated extraordinary charges wouldn't show up on their radar screens. Zacks isn't in the business of interpreting #'s - they are merely a reporting agency. Litigation? Extremely common, I sue you, you sue me - so what? As a short though, you must find it fascinating. Cheers to the longs.



To: Sir Auric Goldfinger who wrote (496)2/17/1999 11:25:00 PM
From: david james  Read Replies (2) | Respond to of 700
 
I was buying shares this morning at JB Oxford, and its in my margin account, so you might be able to find shares to short there. I would be very pleased to see the 2.8 mill shorts or more in the Feb report, so go for it.

The institutions may also provide shares to short. Here's the list of current insitutions owning shares. Almost all of these institutions reported adding to their holdings in their last report.

Fidelity Select Telecommunications
Kenndedy Capital
Greenville Capital
Dimensional Fund
McCullough Andrews
Vanguard Group
BZW Barclays
Smith Barney
Blue Ridge Capital
Weintraub Capital
First Union National Bank
Veritos SG Investors (Verifonds)
Chase Manhatten Bank
Mellon Bank
Bankers Trust
CIBC Oppenheimer
DLJ Corp

and of course MCI Worldcom with 16% of the shares