To: C.K. Houston who wrote (9186 ) 1/22/1998 12:19:00 AM From: Hawkmoon Read Replies (1) | Respond to of 31646
Cheryl, One of my criteria for looking at stocks (although I'm known not to always follow it... :0), is that a company must be able to hold its own against short sellers. Shorts are out there for a valid reason and that is simply that they believe a company is weak, either fundamentally, or managerially. While I certainly don't approve of manipulative short selling with intent to destroy a company's stock, it is incumbent that the company must create more justification for being long than short. I'm a TPRO long and we actually added to our position today. However, I fully realize that without improvement in the bottom line or the annoucement of significant contracts with some of the Fortune 100 clients that Tava is apparently working, we will be in for some continued rough sailing. On the other hand... should positive news be presented at the shareholder's meeting as well as improvement be reflected in revenue and earnigs.. then watch out. The shorts will be forced to cover and we could quitely see double digits fairly rapidly. My goal is to see TPRO in the low double digits by the end of 1998. This will provide a nice 100% gain on my investment and I will consider anything else pure icing on the cake. (And I have a sweet-tooth... :0) I attended a meeting of the DC Y2K workgroup Tuesday night, and next month they will be focusing upon the issue of embedded systems and just how prevalent and important the problem really is. I can tell you by the things I heard at that meeeting that some people are greatly concerned. It is a matter of dealing with the unknown. You don't know if you have a problem, but you realize that your business and/or equipment rely upon these systems. Thus, you will be forced to spend the money to assess them and fix them. I don't believe that even Mr. Winn would disagree with this probability I will attempt to discuss some of the subjects that were addressed at this meeting in future posts either here or on the Y2K threads. One point that I did have confirmed for me last night though, was that current bout of "Asian Flu", in fact, is quite likely only the symptomatic fever. Some folks there were quite concerned about the total lack of any effort on Y2K remediation among Asian Financial institutions. Look for a strong likelihood of disconnection between US banking and securities and those of non-compliant foreign exchanges/banks to be a major topic sometime in 1998 or 1999. Have a good evening. Regards, Ron