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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: Zorro who wrote (449)11/23/1996 6:57:00 AM
From: Mr.Creosote   of 5812
 
Boy, lots of gloom and doom on this board about Monday.
I still think CAWS will hold above $3 on Monday and here
is the angle: the lawsuit people knew it was coming long
ago (any stock that hits rock bottom is a potential
target for these "fine attorneys"). Many of them (along
with their friends and families) are likely to have
taken short positions which they will cover next week
for the fast buck.

I can tell you of another situation where I had a large
chunk of APCC when they missed their earnings, went down
big and a few weeks later got hit by a lawsuit. The
stock went from $25 to $8 and is now back to the $20's.
When the news got so bad that eerybody was thinking
"penny stock" the damn thing rallied 3 points up in one
day. Of course CAWS and APCC are very different stocks I
wouldn't dare shorting it after Monday for the reason
that too much bad news have hit them too fast.
I also don't think that $1 point drop is likely
because there are still lots of people who won't go out
Monday having endured much bigger drops from the 10's
and 7's.

The stock will probably not go up on Monday (but if it
does I am buying more) and 97 will be an up year unless
the management gives up.

Good weekend everybody.
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