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Technology Stocks : Avid Technology
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To: James F. Hopkins who wrote (236)5/10/1997 12:52:00 PM
From: John Veltheer   of 777
 
James,

I shorted AVID at $12.50 and covered 3/4 at $14. I then reshorted that 3/4 at $20. I also have June 15 puts (worth about 2 cents).

Someone is propping AVID up and when they drop support the stock falls like a stone. Look at the instantaneous dip a few days ago.

AVID fundamentals suck and shareholders and idiot fund managers will run for the exit doors the next quarter they lose money. I see AVID under $10 before Christmas.

JEV

P.S. If Vanni is reading this can you answer my question from the QNTM group

To: Vanni Resta (760 )
From: John Veltheer May 9 1997 12:21PM EST
Reply #765 of 784

Vanni,

I can't believe you think AVID has more chance of going up than QNTM. Can you provide a rationalization to be long AVID at this point?????

AVID has no growth, nil earnings and the stock is up 80% in the last 6 weeks.

JEV, short AVID, long QNTM
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