SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ?????
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kid Rock who wrote (59)12/20/1998 1:42:00 AM
From: Stock Watcher   of 962
 
T - on WAVX - yes, their technology is state-of-the-art (winning most innovative product award at recent conference for product: Embassy)- but, besides all that; the chart looks very good.

Since mid-October the stock price has formed a classic "coil" between $3.00 and $4.40. Trading volume in late Nov. through - early Dec. was very healthy, but has slowed considerably since last week.

For WAVX to "break-out" of this tight trading range, they will probably need much higher trading volume and some really good news (like signing a BIG sales contract with a BIG company).

WAVX is a relatively small company with 41 employees and revenues of 16K for nine months ending 9/98. The current stock price is $3.75 which reflects a great deal of confidence on the part of the current shareholders.

It is understood that WAVX is still a "development-stage" company, and the perfecting of its technology is much more important than pie-in-the-sky profit projections at this point.

Also, thanks for pointing out that WAVX is not a typical e-commerce firm under the current definition of that term. As the company states, "their products measure, use and record the use of electronic content". This seems to be a niche' market right now, but could possibly grow into a mega-industry as time goes by.

Again, once WAVX signs one major contract with one "name" account, investors won't walk - they'll run to buy the stock as fast as their feet can carry them.

WAVX truly has an intriguing future scenario here....and once the chart "coil" breaks-out to the upside - this stock could take quite a ride onward and upward....thanks for the pick
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News