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Technology Stocks : Copytele - Another XEROX in future -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (946)	10/22/1997 2:44:00 PM
From: Joe Master	Respond to of 1320

Lets see they announced the marketing agreements almost a year ago. They were a three year deal worth (ahem haaack haaack sorry got something caught there) $270 million. Now that a year is passed with NO revenues does that mean these are only worth $180 million now? <G> Joe Go Tribe

To: Wallace Rivers who wrote (946)	10/22/1997 2:56:00 PM
From: Ken G	Read Replies (1) \| Respond to of 1320

Wallace, "to the best of my understanding" is the whole premise by which I conclude that going short in this stock, in this environment carries with it the most risk and least reward for me. That is all that we each (long and short alike) seem to have. What we understand and what we believe. It seems that most people believe that this Company has nothing. Given that basis, the only surprise move (and hence the greatest reward potential) is to the upside. With all the negative that has been said about this Company, it still seems to hang in there. Is short really the way to bet? The only suprise move, with the largest potential move by far from the 5 area, is to the upside. What possible negative news can you think of, that hasn't been said or done yet, would knock this stock down a couple of points. I have to believe that any one of many possible good new items have the potential to bring the stock up a couple of points or more. With that kind of risk/reward ratio, it just makes sense to keep the ratios on my side, instead of betting against the house. If you still think the reward that comes with a short in this stock justifies that kind of risk, then bet it. Good Investing, Ken