E-Man et al...Nadig and Luskin's latest comments as of today
By Dave Nadig (rating 3.63) on 13:00 03.12.00 | Read 151 times | Post 7760
You asked Don, but I'll pipe in too.
I see 2000 as the critical year for Wave. It's gotten "noticed" now (sort of funny for a company that's been around for so long), and all of the key implementations are coming this year. As you say, it's received institutional validation, and the old shorts have been swatted for the moment. Now, more than ever, it's delivery time for Wave. I expect the market to be watching very closely for deliverables (Wave Express, chip shipments, etc.)
Short term, I think the stock itself needs to find it's legs. It's had an amazing short turn runup here, and I would expect to see the price fluctuate this week as a new trading range emerges. I'd be surprised to see dramatic moves in either direction. Don, what's you're read on the chart?
---
Dave Nadig
MetaMarkets.com
The author rated WAVX BUY when this post was written.
========================================================
Re: Where do we go from here? Post rated (max 5)
By Don Luskin (rating 3.98) on 16:19 03.12.00 | Read 136 times | Post 7766
The momentum of its huge runup has been broken, and it has entered a stage of consolidation. We'll look for where it establishes support.
Don Luskin
MetaMarkets.com
community.metamarkets.com |
