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


To: Eddie D. Gilbert who wrote (651)5/24/1999 10:55:00 PM
From: Doc Horror  Read Replies (1) | Respond to of 835
 
Ya know, I've been reading some other message boards on ABOV tonight and a lot of people seem to be selling due to the dreaded "margin call". This, I'm sure, has put some undeserved heat on this stock. Remember, there have probably been a lot of people on margin since the stock was at it's highs and over the past couple weeks their "markers" have been called in causing the stock to drop much further than anyone anticipated. Hang in there if you can.

I am also curious to know the buys vs sells on this one lately. Has the drop in price been a fair reflection of the buys vs sells or are the MM's helping to drive this one down too because they are short? I'd be curious to know. Anyone have these numbers?

The shorts are definitely piling on with this stock dropping 2-3 points everday it seems lately. Just remember, these shorts will ultimately fuel the fire for it's rapid ascent in the the future.
It will come sooner than later in my opinion. Earnings season is right around the corner...