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Strategies & Market Trends : Tech Stock Options

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To: Judy who wrote (5662)	3/2/1997 3:48:00 PM
From: Johnny Canuck	of 58727

Hi Judy, Yes, I am one of your neighbours from the great white north. I am on the west coast. The TSE is actually quite tame in comparison to the NASDAQ. It has mostly mature resource stocks so they mostly move with the economic cycle or on news. There are only a handful of quality high tech companies to invest or trade in on that exchange. The VSE and the ASE are another story though. It is like the wild, wild west there. The ASE has real life cowboys too. Both places are not for the inexperienced and the weak of heart. Only the insiders seem to make any money there consistently. It is mostly mining stocks and oil and gas drillers. I have found it is easier to find quality companies on the NASDAQ and the NYSE. There are more well managed companies in a wider range of industries to choose from on those two exchanges. All exchanges have their share of scams though. I am sorry to hear you are one of the dis-satisfied USRX shareholders. I think I agree with Tom Trader though that COMS may be oversold here. I know that most USRX shareholder think they are getting robbed, but I am more inclined to think that the management of USRX thinks COMS is undervalued and the conversion rate for the merger reflects that belief. It seems like a good match as there is very little product overlap as far as I can tell I think USRX needs the 350 million in cash COMS has right now. USRX only have about 18 million in cash according to their last 10-Q and they are about to get lots of competition from Rockwell and the supporters of that standard such as MOT. They could raise money through a share issue but that would dilute earnings or they could borrow it which is expensive. So the merge might be the best thing in the long run. The worst that could happen is that the merge is called off and the share price of both companies rally short term despite the penalties. I think COMS might qualify as one of your unloved dogs. I don't have a position in either stock nor have I followed them that closely so let me know if you see any flaws in this thinking. Regards Harry

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