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Technology Stocks : Avant (AVNT)
AVNT 35.65-1.0%Jan 16 9:30 AM EST

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To: Cosmo Daisey who wrote (1603)11/26/1997 12:27:00 PM
From: Paul M.  Read Replies (1) of 3441
 
Coz, I have been short from the get go and will stand pat until the bottom falls-out but i will wait for the stock to move up again before I add to my position. After all this is stock from hell! The stock that bounces up on bad news. The stock that defies gravity. The stock that some tech warriors swear by. I will stick by the fundimentals. A company that is valued over 600m with sales less then 200m and no profits for the year. A company who has to organize multiple acquisitions and ward-off the long arm of the law. A company that has to increase its sale in its primary market (Asia) when that market is trying to find its own bottom. It may have a good stolen product but good business sense says you want to purchase a product that is clean and untainted. Fidelity will be the first to bail because they can afford to do it, but when they do, I don't think there will be anyone willing to pick-up 2m+ shares. Does anyone Amerindo's recent position? How about how many shares were shorted last month?
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