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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?

To: mark calder who wrote (4548)	4/13/2000 9:09:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 7720

Yes a general "meltdown" as you call it, will impart a new more "rational" view on valuation, time horizons for such valuations are contracted (particularly if said "meltdown" is a prelude to a general bear market). It may make you feel better to know that I am suffering with you on MVIS, since I did not sell it ahead of this meltdown. My reasoning had nothing to do with MVIS technical positions (I felt that $43 should hold, it has not and now I am looking for a "a way out"), but with my general portofolio, I sold last week on the rally to get to 30% cash, and did not want to go much below that level. I think we are going to get a bounce here, and we may still go to the 4565 area, if we take that out, we delay the real bear. The more likely scenario is that we bounce to just under 4400 and take another trip down well below 3400. Accordingly, in the last two days I started buying back to bring my cash position to 45%, and will probably buy more to further decrease cash to exploit the "coming rally", if it comes. Zeev