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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Rob L. who wrote (7316)12/16/1997 10:16:00 AM
From: Gerald Underwood  Read Replies (1) of 31646
 
Rob L.

Can certainly understand your nervousness holding at 6.75. Especially if you have short term investment horizons.
I was fortunate enough to get in early and still have a cushion in my averaged holdings of TOPRO, so maybe I can be more objective in my evaluation.

Topro has a business plan that needs the time for execution. They have made the stockholders privy to the general schedule for this execution and in my view they have been progressing the business plan according to schedule and much faster than most y2k startups. However, they are still in a speculative stage of this progress. As such they are more than usually subject to the vageries and churn created by the market. That churn is presently in downdraft mode as can be witnessed by the fall of a lot of good solid stocks, tech and otherwise. When this insecurity pervades the marketplace, a lot of stupid things start happening and generally the more speculative or unproven stocks take the largest beating. It is to TOPRO's credit that it has held up well in this context,absorbing a PP all at the same time.

Y2k stocks that are presently holding up well are very established players in the sector. Embedded y2k problems have come to awareness comparatively recently and will need some time to catch up. However I believe that this is a unique y2k situation and opportunity which is why I am in the stock. That being said,I refuse to confuse patience with becoming emotionally attached.

Best Wishes,

Gerry
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