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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: limit who wrote (1189)	6/25/1998 12:40:00 AM
From: Bill Wexler	Respond to of 4634

I don't like buying puts, I'd rather short the stock if I am very confident in my analysis. In TAVA's case I am very confident that the market cap is unsustainable, and TAVA's business model is simply not working. <<What about revenues this qtr, and do they have resources to stay afloat for a long period?>> I don't think you are going to see a spectacular jump in this Q's revenues, and I am very certain they aren't going to hit .07 a share in earnings! As far as the resources to stay afloat, I am still mulling over that one. TAVA has to go to a corporate loan shark for a measely 6 million bucks - and as a floorless convertible to boot. As long as the company can keep shoveling stock and press releases out the back door (check out the increase in shares outstanding over the past year) and floating these death-spiral convertibles, I guess they can keep limping along.