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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Carole who wrote (7312)	5/27/1998 7:04:00 AM
From: jan_mike	Read Replies (2) \| Respond to of 11708

Hi C! Jan considers Dayton Hudson the only stock to buy. Hasn't downgraded it in about three years. Concedes Lucent as a respectable company too. Macro conservative, micro spendthrift. Speaking editorially, Mike doesn't know what to think. The Run made this my most profitable trade ever. So what? It leaves me with a desire to see it succeed. So what again? I have been specifically told things by the company that were to misleading to say the least. Then there is the Pickens curse, which is unsettling too. Management seems inept at closing projects that are supposed to be the cornerstones of the business. Key word "closing". They may be great visionaries, but kind of lame doers. Maybe I just don't get that vision thing. That seems to be where they are now. Just another penny stock who is allegedly about to succeed any minute. For now that makes it at best a trader proposition, and me a Ho! To your specific question from my perspective as a Ho, why bother? It sinks on a daily basis, so why cut my beautiful manicured taloned hands catching the falling knife? If it finds support somewhere, then it might be time to try to find a bounce. Remember, I got smoked trying to pick a bottom at 64 cents. I think my inclination would be to wait until it finds a reason to go north, and jump on it for the ride then. Long term, if it is going to turn into the $20 stock we thought it might xx months ago, it has to pass a lot of milestones enroute. That's why I used to irritate people saying it's a buy at 2.66 - that's about where it has broken through it's old Run high and presumably has acquired some kind of documented legitemacy. Risk/reward is not to my liking today. Sucking prunes in Maryland, Mike