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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (10698)	6/29/1998 4:04:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 18691

Bill, I was hoping to get shorts in TAVA at a higher level, surely it won't give up this easy! Something going on with CCSI today, must be more bad news coming. ACRT is a good short involving some shady characters, just starting to build this position.

To: CalculatedRisk who wrote (10698)	6/30/1998 8:19:00 AM
From: Marconi	Read Replies (3) \| Respond to of 18691

Hello (CR) Bill: Is there any internet access to the TAVA CEO sessions? I would like to follow hear the fellow if possible. Spotting CEO dunderheadedness is helpful for making investment decisions. What aspects generated the absolutely terrible opinion? Best regards, m

To: CalculatedRisk who wrote (10698)	6/30/1998 1:39:00 PM
From: Marconi	Read Replies (2) \| Respond to of 18691

Hello Bill (CR): First pass on TAVA. Lots of revenues, no clear business--reports speak to side issues. Looks like they treat shares as script. Minor real investment--racking up personnel expenses rapidly. Not clear what they are managing. Options available--volumes are very light (cannot count on options liquidity). I think they are clearly overpriced, I agree that with expanding float that little other than the momentum guys could levitate this one -- and why would they? no real story or unprovable promise. It will take me some days to mull through this one more definitely. Will try to take a starter position at a few hundred shares short. Probably more of a 3-way play on general market mania, partial resolution in the A.D. 2000 timeframe, and the cumulative erosive effects of continued dilution with no prospects to justify it. The run up of expenses on apparently vague notions business is going to materialize could prove to be the nearest term rationalizer of this overpriced stock. This one could be one to work for taking gains 1999 tax year--shooting for a modest 50% over a half year to year time span. Best regards, m