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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
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To: CAP who wrote (1991)5/19/1998 9:40:00 PM
From: Night Writer  Read Replies (1) of 2063
 
CAP,
We all got burned. At one point I had 7000 shares. Sold 2000 for a small tax loss with the intent to buy back later. Then things didn't look so good. After reading the SEC filing on the new financing, I realized the impact of"vulture" financing. Decided to beat an orderly retreat to the neared high ground, and watch for any future opportunity while mending my wounds. I bled a lot of green on the retreat. I will not have any tax sales this year unless I hit oil in the back yard. What an expensive Vulture lesson.

I remember posting several times that I had too much invested in this speculative stock for my portfolio, but I didn't see how it could lose. Now I know how. Delayed auction creating a cash flow problem, and the vultures moved in. I am not one for conspiracy theories. That said, I think it is suspect that the money guys seem to own a lot of spectrum, and didn't lend any money to the pioneers or other start up operations. They see something in this technology and intend to squeeze it for all it is worth. Appears they will do it with the FCCs blessings.

I also notice all the hoopla about developing high speed Internet over twisted copper has died down. Two large Baby Bells are seeking a merger. Bigger is better because they can offer long distance. Some worry about a lack of local telephone competition. Digital phones verses cell phones - cutting one another's throats in the market place here. After a while, they might get the digital phone expense down to the point that people discontinue wire phone service. Interesting thought - sounds like why I bought this stock.

Soooo, watching and waiting just in case.
NW
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