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Technology Stocks : AboveNet Communications, Inc. (ABOV) -- Ignore unavailable to you. Want to Upgrade?


To: coachbobknight who wrote (470)5/4/1999 10:03:00 AM
From: Rick McDougall  Read Replies (1) | Respond to of 835
 
Abov--I also began a long position yesterday. Unfortunately appears that my trading skills are not at the same level as yourself. Am in for 500 @ $87.00.

Actually cbk I don't see the price going much lower. I would say that traders are presently taking positions in anticipation of the run up prior to the split May 7th. I think the run will begin this afternoon towards the close, imho & just to take a contrarian view :o).....good luck to you too........Rick



To: coachbobknight who wrote (470)5/4/1999 12:37:00 PM
From: investsformoney  Read Replies (1) | Respond to of 835
 
I agree with you. I think that the run will start today.

a. Everyone wants to bail out on abov
b. The technical buyers got stopped out at 85
c. Finally see signs of support at 82 1/2 area. Also see this as the low end of speculation, hence the support here.

d. Time is running out for the imminent split run.
e. Markets are rebounding

I see the situation with abov as making money from fellow traders rather than the market makers. I do not like situations like this, but i believe i deserve to get paid for my hardwork, faith in the company and patience. Unfortunately this is one of the ways, wealth is created in the marketplace.

All the above factors make me believe that today is the day to accumulate abovenet for the much anticipated split run.