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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: bob who wrote (28534)	2/20/1999 1:16:00 AM
From: Bill Wexler	Read Replies (3) \| Respond to of 31646

<<You know damn well this is good for a 1-2 point rise in the near future. >> It may or may not. However, I think the company is still a bit overpriced at these levels (but not grossly overpriced...like when it was north of 8 a share). I'm more than statisifed with the 3 point+ drop from my second short sale. That's why I covered half of my position. Unlike many of the posters on this thread, I know when to hold 'em, when to fold 'em and when to move on with my life. You are making a terrible mistake hanging on to Tava and hoping for a miracle...move on. <<Btw, What is going on with CPU? Still waiting for that big rise you say is coming?>> Then you may have a long wait, or a short wait...I don't know. However, the stock is grossly undervalued and there is little doubt in my mind that it will trade significantly higher (if the company were bought tomorrow I would doubt that any offer would come in below 25 a share). As with all of my positions, unless there has been a significant fundamental change in the company's business I will not unwind it unless and until I am certain that the stock's price reflects or nearly reflects the company's true underlying value. CPU's current price does not accurately reflect the company's underlying value...not even close. The correct strategy with CPU is to continue accumulating - even if the price decays more. If anything happens which suggests that the company's condition is worsening I will sell for a loss and discuss why on my thread. By the way, interesting that you would ask about my only long pick which hasn't seen a significant advance since I recommended going very long in September and October [If you're trying to undermine my credibility or skill, you have failed miserably]. Why didn't you say anything about my other long picks such as BT (up 90%), COST (up 70%), AMAT (up over 200%), NVLS (up over 200%), CSCO (up 100%), or IFMX (up 90%)? Why didn't you point out that I was AGAIN 100% correct about shorting TAVA into a supposedly "strong" earnings release?