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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (9285)	1/22/1998 7:52:00 PM
From: lbs	Read Replies (2) \| Respond to of 31646

John, if you are a believer in the balance sheet, then I can't imagine why you would not wait until the third quarter to give up on TPRO. I am not saying that you could not sell and buy back, but clearly TPRO has stated a number of times that they do not expect to see significant Y2K revenue until the third quarter. With the way that they are selling the CD with a 60day trial, the balance sheet will not reveal the success or failure of this product to next quarter. As far as holding TPRO, I think there is nothing wrong with selling if you think there are better opportunities. However, the two biggest mistakes I made this year were getting out of ACLY and CBSL because I was getting impatient. Both of these stocks had long boring periods-more so with ACLY than CBSL. If you are quick enough to jump back in, go for it. I have found that I do better with a buy and hold strategy if I still believe in the story behind a company. When the story changes, then I contemplate selling. If you can make more money, by all means get rid of TPRO. I personally believe that the alliance with WDWR and AON will pay off over the next two years. However, I think you are right that you can get back in later. But what if they make a number of major announcements on the same day. If you don't mind buying a stock that had gapped up, I think your strategy will work. I for one, am willing to wait for next few weeks. This stock has been dissappointing. I originally bought TPROW for 1.5. I admit, that I wish that I had sold at 4.5 and bought back at 2. Instead I added more to my position, which has eaten up my profits. While I am not down, I am only a little above even. However, considering that I was thinking of buying ORCL when it broke 30, keeping my money in TPRO was not that bad. Dan