7th Level Message Board

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Technology Stocks : 7th Level

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To: wolfdog2 who wrote (308)	6/20/1997 9:13:00 PM
From: WHL	of 1019

TWIMC: SEVL is probably on ice now for at least a few weeks. I am mostly a day trader. I am already out of SEVL- after it failed to break resistence at 3 7/8 for the second time. With E3 ending there will be less attention to the PC games sector of the market for a while. Not good to be in a stock as the investment community is turning away from it. I will be back however. For a few weeks I anticipate that volume will settle back down and the price will drift lower. However, the actual release of the CDROM virtual pet in September will probably follow a significant push in the price of the stock (of course, a late release will similarly hurt the stock). In anticipation of that release, the stock will probably move upward in late August. This is June- so this stock is unlikely to attract my attention for about 6 weeks. Please note that there are few shares and that the market cap of this company seems to be about $45 million at present. This appears to be WAY undervalued. Sorry to be less than enthusiastic for the short term, but it still looks like a long term "Buy".

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