CellularVision (CVUS): 2-way LMDS wireless cable. Message Board

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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.

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To: James Fink who wrote (1257)	2/22/1998 5:18:00 PM
From: Bernard Levy	Read Replies (1) of 2063

Dear James: The insiders (Hovnanian father and son, Bossard) have already all the CVUS stock they could possibly need. Instead of fretting over the lack of insider buying during the last year, you should be surprised at how restrained the insider selling has been, even when the stock price shot all the way up to $11 last year, and $9 in late October. The 300K shares registered may be nothing else than some of the directors wanting to play the LMDS auction sweepstakes, just in case the price runs up big time. Suppose CVUS's stock price jumps to $14? Wouldn't you be tempted to sell? Why begrudge insiders the same prerogative? It is quite obvious most of them have a disproportionate share of the net worth in CVUS. They must also have heard Shant H. tell them for years that CVUS would become properly valued once the auction takes place. The truth is that CVUS's stock price is strongly coupled with a) the LMDS auction, and b) Fleet's loan. The insiders might have some insight about b), but they have no more information than we do about a). Thus it is unwise to give too much emphasis to the Form 144 Filings. Best regards, Bernard Levy PS: This is none of my business, but I also think you have too much of your net worth in CVUS. If your position is not too badly under water, you might want to take some cash off the table and put it in a less risky wireless play such as LOR.

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