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Technology Stocks : Shiva

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To: Ed who wrote (2471)11/27/1997 2:01:00 AM
From: bob zagorin  Read Replies (1) of 5036
 
obviously, there's a lot of frustration out there. fwiw, here's my advice.

give shiva one more month and then bail if you like. do it the last week in december if you like. you'll still get to take the loss. but, imo, the bulk of the tax loss selling is done. there's just no buying volume just yet.

wait for the announcement regarding the new agreement with nortel. it's got to be worth a pop and it could be very important.

shiva gave conservative guidance last q so the expectation for q 4 is about the same as 3. but a good nortel agreement could give the analysts something positive to focus on going forward.

happy holidays.

ps. as for myself, i plan to keep this stock for at least six more months. i'm still quite positive on shva's prospects going forward.
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