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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?


To: John Reno who wrote (5514)6/3/1998 11:37:00 AM
From: Barney Rubble  Read Replies (1) | Respond to of 6297
 
Where is the bottom line? Try $0.00. We're floating around a buck fifty. Does it really matter how much lower it goes? The IRS considers a worthless stock in the penny range for write offs. When do the rest of you guys think this stock should be classified as worthless? Oh , and there is a difference between cheap and worthless. Cheap means undervalued. Worthless means you're shit out of luck. Pardon my French.



To: John Reno who wrote (5514)6/3/1998 4:40:00 PM
From: Alex Dominguez  Read Replies (2) | Respond to of 6297
 
" How about giving some of us your opinion on where the bottom will be on the stock price. I am getting very nervous."

I dont know about the price,but in my opinion company is VERY attractive at these prices.You can look at it 2 ways. A great price to accumalate some more shares and average down or panic and sell at a loss. This stock certainly will not trade at this level once contracts are announced and chip is finally out.I wouldnt panic I would be buying.But then again it seems like we have all been waiting forever.

alex