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

To: Mark3000 who wrote (28958)	2/25/1999 10:47:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 31646

Mark, I wasn't looking for credibility. And if your basing your analysis of TAVA upon my credibility you should place your money in a nice money market account. You obviously have no business investing in stocks. What Bill doesn't tell you is that he is part of a big game. He can't make any money shorting TAVA unless it goes up. So when the stock reaches "fair" value, he is secretly hoping it goes up again so he can short some more. He just wants to be able to control the upswing so it doesn't translate into a nasty short squeeze. But eventually this behavior get the better of these guys when they suddenly find themselves faced with drastically improving fundamentals. This company is trading at a forward P/E of about 7.7, based upon expected earnings of .77/share for the year. Bill would have us believe that this company's stock doesn't deserve a P/E ratio of 6, which it would be should the stock fall below $5/share. Call me hypish. Call me exhuberant. But saying this stock is fraudulently promoted when it is trading at a 7 P/E defies all logic I can imagine. Bill Wexler is effectively stating that the earnings are fraudulent. My wife and I bought the stock because, BASED ON TRADITIONAL VALUATION MODELS, this company's stock is undervalued and should at least merit a P/E of 12-15 which would place us just around $12/share. Anyone wants to argue that logic, fine. If you want to try to question my credibility, fine. But it still won't alter the numbers or the earnings, or the Return on Equity and Assets, or the fact that this company is trading about 1 1/2 times its book value. Regards, Ron Now that argument to me is credible, no matter who states it.