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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (28975)	9/27/2001 8:35:52 PM
From: The Freep	Read Replies (1) \| Respond to of 30051

<< Remember PEs are coming down weekly>> Actually, don't you meant that PEs are going up weekly, while the EARNINGS are coming down weekly? the freep

To: westpacific who wrote (28975)	9/27/2001 8:49:22 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

West, I think you are wrong about AVCI, their cash will be enough for even three full years of burn rate of $60 MM or more, and they are making major efforts at cutting their overhead. Around $1 per share, even if you assume another four quarters of sub par (negative cash flow) performance and thus reduction of cash to $2 per share, it is a deal. The chairman must think so, he did his first ever open market purchase in the last few days at $2 and at $1.69, not much, yet real money. He does not need much since he has options at $.01 per share, he also exercised 50,000 of these very recently. I think Mish is right and this one is going on my watch list, finally (it was off due to valuation concern for a very long time). West, we had capitulation last week, you must not have been watching. Zeev