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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: PAR who wrote (513)11/26/1996 4:03:00 AM
From: Mr.Creosote   of 5812
 
Cheers everyone, CAWS held up relatively well today in the eye of the storm.
Agree with Paula about picking a bottom not being a good idea (but
looks like she didn't practice what she said now did she?)

Paula, I support you for taking your loss and moving on but CAWS has
not really shown any strength since June. In fact, you kind of
wonder why isn't everybody out by now given the state of affairs at
this company. Lets review what we have so far: product delays, BANX
uncertainty, huge insider sales, tax sales, shareholder lawsuits, vertically
dropping stock price, zero fundamentals and the worse balance sheet
and earnings forcasts ever published. So why isn't this stock dead
and burried by now? 3/8 drop after a lawsuit from a prominent
law firm? Geez!

Speculative value my friends and this one still has plenty. In fact,
we are not far from the point where CAWS becomes IMMUNE to negative news.
That's the buying point. I just mis-timed 2000 shares at 35/8 long
(down $1000 already, thank you very much) but I feel good about how
well CAWS held up today. Above $3 and looking good.
This stock is showing signs of a bottom and once technical
confirmation comes (you can wait for it Paula) the stock will rocket.
Imagine if CAWS management comes up with an intelligent new
plan for their company's future (don't doubt it, they are capable of
doing it). I want to be in on the day before the "hold" will change to
"accumulate".

Goodnight now, let's hope for a good day tomorrow.
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