CAWS - Wireless Cable (New and Improved) Message Board

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Technology Stocks : CAWS - Wireless Cable (New and Improved)

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To: Rosemary who wrote (517)	11/26/1996 2:18:00 PM
From: Jose A. Suarez	of 5812

RoseMary, I wish I only needed a one point gain to break-even.... I am at an average of 7.99 (I should have said 8, but since it is under 8, it makes me feel a whole lot better.... poor fool that I am). The reason why I placed a buy at 2 15/16.... was just to average down.... but I only got filled with 1500 shares so it didn't much for my average price. If I had the guts, I would probably buy 10,000 shares at under 3 so as to bring my average to under 5.... but heck.... I don't want to risk $30,000 more. I do think that at the $2 3/4 - $3 price.... which by the way gives the company a market value of just over the $100MM paid by BANX for an option to own 45% for $300MM.... the company will be almost immune to any more bad news or market correction. But then of course, I have been wrong before... to the tune of $30,000 loss on this stock.

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