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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: cardiologist to be who wrote (7230)11/19/1997 2:54:00 PM
From: Kam Naik  Read Replies (2) | Respond to of 9285
 
I agree with you about their product but disagree about the valuation on
AVEI. I have shorted this stock 2x in the last 1month for large profits
as it traded between 61 and 42. have shorted again at 50 with target
of 30-35 in 3-4 mos . Also there has been huge insider selling of this stock ie. 1.9 million shares Sold between aug 25 and nov14/97at prices between 37-58. I Would hazard to guess that those insiders
don't know of possible buyout at 80-100. Can verify insider sale at
Stocksmart Pro site if you wish.