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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?

To: James Fink who wrote (1485)	3/12/1998 8:57:00 AM
From: Karl Schwarszchild	Read Replies (1) \| Respond to of 2063

CVUS' "inexplicable" share decline, at a time when other LMDS plays were going higher, began soon after formerly (?) notorious short sales broker Asensio published an "advisory" concerning the company. Imagine that! I don't know who here noticed, but some time ago I posed the question on Yahoo!: might Asensio have placed significant bets AGAINST the company? I had found myself wondering this given that Asensio's CVUS advisory was "odd" in a few ways. First, and most peculiar to me, was that the advisory asserted definitively that the recent selloff in CVUS stock was an "overreaction to disappointing early auction results", yet the real decline (from which we have yet to recover) occurred on 2/17, BEFORE the auction began, at a time when there were really no results to react to! Second, the advisory stated that there had been "significant pre-auction insider selling", which is incredibly misleading seeing as only 13k shares had been sold by insiders since June of last year. Also questionable were the advisory's remarks concerning company held intellectual property, and statement that the "only" support for CVUS share price is its license value! In summary, Asensio's advisory gave REMARKABLY MIXED SIGNALS, and in light of Asensio's short selling legacy, I question more than ever the motivation behind those signals.