Avant (AVNT) Message Board

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Technology Stocks : Avant (AVNT)

AVNT 34.29

+3.9%

Jan 9 9:30 AM EST

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To: Cosmo Daisey who wrote (533)	9/22/1997 10:48:00 PM
From: Bill Wexler	of 3441

I agree with you there. There is absolutely no way to pick a top, and shorting is inherently dangerous. I've seen companies that were effectively bankrupt suddenly have their share prices double or triple without warning. I have followed this story before Asensio issued his report. The fact that he picked Avant out of a universe of overpriced stocks simply gives me a great deal more confidence, and I would be willing to invest more margin should the price move against me in the short term. Asensio is not a magician by any means, and he can not pick a top either. As I mentioned previously, I'm looking at the long term. I believe that Avant's legal difficulties and the ethical problems raised by the criminal indictments are so potentially disastrous, that I can't see any reason whatsoever to buy the stock.

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