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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: charlie mcgeehan who wrote (74028)11/19/1999 9:32:00 AM
From: jas cooper  Read Replies (3) of 90042
 
PVSW

It almost seems like management told folks in October that the company they invested in was being dissolved so they could chase internet rainbows. Despite growth in what appears to be something more than being an Oracle also-ran, they are now betting on an unestablished product. And doing it at great expense, spending money on efforts that don't sound assured (the word 'telemarketing' was used in one report, might even have been from PVSW themselves).

So despite the fact that current investors have a distinct advantage over those who were unfortunate to have bought in September, one can almost treat this as an IPO that began less than a month ago. Maybe that's what PVSW should have done; issue a 'tracking stock' to cover the Tango end of the business (ala Quantum), to create value that really isn't there yet.

Even though I'm tempted, I think the couple of points PVSW has gained from its lows (that's 20% when your dealing with such a cheap stock) may only be movement along with the rest of the tech market lately.

I'm going to watch and see where the market goes before buying. We seem to be in the midst of another wave of 'irrational exuberance', and I'm doing more selling than buying right now.

This is one of those stocks that when you get in it it tanks further, when you sit on the sidelines, it skyrockets. What to do? What to do?

jas.
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