I'll be buying more into the Slick Willy Rally
I covered my LCOS after Bear Stearns put a $60 target on it,
and bought back my WAVO in the high $9's.
I covered my TDFX today, and will probably be a buyer of
either WAVO or HAUP over the next few days.
So, the net result of all this temporary activity is that
I lost about 1/2 point of what I might have gained had
I just left my original WAVO position alone.
Hey, I really thought I was on to something a few weeks
ago, and WAVO was sleeping. Had I known about those $7
warrents, I probably would have done nothing since that
issue explained to me why we were going nowhere fast with
so much volume the past few weeks. Hopefully the warrent
related selling is over, and we can enjoy a real rise in
this stock. I'll be a firm believer when I see us close
above $12 on an Average Volume day. That would indicate
to me that the typical profit takers that often erode our
gains with WAVO, have mostly dried up, and between new
buying and some short covering we'll keep going up into
the mid'teens where we should have been Months ago. If
by the end of next week we're back down Again into the
$10 area, then it's pretty clear to me that we won't see
much in the way of a higher stock price base forming until
July, when Window'98 actually launches. You see, we've had
trade shows and market anaylst conventions before, and WAVO
showed off and the stock went nowhere. But if the Warrent
Selling was offsetting the new buyers we must have attracted
by now in this stock, then it should start running soon from
here. If the Warrent Selling had little baring on the
recent activity with the stock, then we'll probably stay in
a similar pattern till something Very Broad and New is added
to the mix, that being Windows'98 late June product launch.
I still have many misgivings on this stock, but people will
continue to be attracted to this investment as long as it's
a good story with Mr.Bill telling the tale.
Please forgive my ramblings... |
