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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: John Floyd who wrote (8307)	12/11/1997 6:51:00 PM
From: JAG	Read Replies (2) \| Respond to of 14577

No. I've taken small position just under $6 and large position at 5 3/16. I wish others on this thread would disclose their positons. I get the distint feeling that a lot of shorts are on this thread and they are not disclosing this fact. If your hoping that this stock will have a significant fall from these levels, your absolutely wrong. Try a stock that has a PE of 30 plus for that type of action. Don't you get it. The cash per share, sales per share, book value per share are very, very, very important factors for stocks under distress. This stock may have some more downside but not very much. Even if the Company has a large restructuring charge, inventory write-down, and falling marginss, this is mostly discounted into the current stock price. I can't help that many of you lost money on this stock. I bought Shiva at $13. Sold at $8.75 because I was so upset. The stock then climbed back to $13 before it fell again. One final thought, tax selling time is running out. I think this stock will bounce with the January effect (IMHO).