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Technology Stocks : Verity (VRTY)
VRTY 2.4000.0%Dec 22 4:00 PM EST

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To: Pete who wrote (673)3/25/1998 1:54:00 AM
From: Tijuana  Read Replies (1) of 1011
 
Pete,

From an Technical perspective, vrty looks decent and upward. The real
issue from an Technical perspective is rather the famous 52 weeks
high wich is around 9 box. If it breaks, then everybody can sleep
like a baby with vrty. So far it looks favorable. If that happens
AND THE MARKET CONDITIONS STILL OK, then it can go easy to 12-18 in
the next quarter already.

Keep in mind that this stock is stil classified with a very high
risk beta profile. We need encouragement from vrty by putting out
some REAL good news. That is again at least 4 to 5 huge accounts.
(among other things of course). But this is the MAIN suff vrty needs.

If vrty gets these huge accounts, that will provide them an opportunity to clean up their financials. vrty has a REAL opportunity
this quarter to show to the finacial world that they can break even
with no losses eps or make some dough, that is make some eps boxes.
That is attainable.( It looks like the financial world is not really
taking a look that verity has about 50 million of accumulated losses.
- If someone can enlight on me why?, I would be greatfull). So the
fundamental analysis could be going in the right direction as well.

The only thing I can say Pete. That things look pretty good. There
is some sign that institutions are coming back. But allways keep in
mind that this is a very volatile stock and that is why a typical
equiday day (same day buy/sell or sell/buy) trader will speculate
on it and the stock may not go up... or things like that...

The next quarter vrty results will be the most important of all.
They either make it or not really. Same thing for sbona and he
knows it.

The market is a little favorable with vrty lately, but the markets
are watching very closely whats happening with vrty. What can I
say. We should just keep our finger crossed. But again things are
looking favorable.

One more things that sbona and vry top management and the venture
capitalist board of directors of vrty should keep in mind. That now,
more than ever. They need a very strong Sales force. They should
acquire all the sales force they can and even merge or be acquire
by a large company to obtain a larger sales force.

Take care
Tijuana
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