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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV
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To: Jeffrey L. Henken who wrote (611)9/23/1997 2:01:00 PM
From: Daniel Schulman   of 2843
 
I don't really understand why people are confused at the recent volatility of WAVO. It seems to me they have this high hype product coming out soon, that they've spent a lot of money promoting, and people have been waiting on the sidelines to see if it will capture attention. IMHO, the moves on Fri/Mon were enough to get people off thesidelines, and the considaltion today is those people taking some quick profits. Personally, I don;t really think it's all the complicated of a story, and I expect to see more great volatility over the next couple of months.

All of this is not to say that I think WaveTop is the greatest thing since sliced-bread, just that it has the POTENTIAl to garner wide interest both on Main Street and Wall Street. I posted about this a few weeks back. While people may want to discount the importance of WaveTop for long-term revenue growth (and they may be completely correct), it cannot be ignored for short-term price movement.
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