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


To: flish who wrote (570)5/13/1999 11:03:00 AM
From: Robert Rose  Read Replies (1) | Respond to of 835
 
As of 11 am EST, the stock is not responding to the news at all. Contrast this to exds, which is powering ahead after a big move yesterday, apparently on a BUY recommendation and news about new data centers.

It appears that abov is in consolidation mode after its huge drop from 75 split-adjusted. The stock has lost the incredible momemtum it had on its way up, and is now recovering from the momemtum on the way down.

At some point it should begin to respond to news as you have noticed it respond in the past, flish.

Newly long abov at 41.

Rob



To: flish who wrote (570)5/13/1999 3:17:00 PM
From: flish  Read Replies (2) | Respond to of 835
 
Poor little flish....hangs his head in embarrassment and confusion as his "news theory" splatters on an ice cold floor of reality. Good news, no effect. Go figure...back to the drawing board.

I trust you are correct Robert. I just hate it when I start hoping.

Best of luck...