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Technology Stocks : WAVX Anyone?
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To: Norman Klein who wrote (7993)7/7/1999 5:54:00 PM
From: Smilodon  Read Replies (2) of 11417
 
Actually Norman, I agree with you,

None of us can have a lasting impact on the stock's price. The company's performance is all that matters in the long run.

But, that doesn't necessarily mean you will win if you just average down your long position. I think WAVX is a long term short. I was short before last week and intend to continue until the single digits.

No matter what your position, WAVX is just technology and a plan. If the plan fails, the stock goes to zero. There is no going concern or assets to fall back on.

Evil Kneival is a good description of this stock. They must do something spectacular to make it work. That doesn't mean it is impossible, just unlikely.

The same goes for your long position. Long-term, it is possible the stock goes up substantially, but, it isn't likely.

Just my opinion,

Archer
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