WAVX Anyone? Message Board

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Technology Stocks : WAVX Anyone?

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To: ecommerceman who wrote (8270)	7/19/1999 11:17:00 PM
From: Smilodon	Read Replies (2) of 11417

One big annoucement does not make a company. That is the fallacy that is rampant in these business plan stocks. Sure, day traders can run a stock based on a press release or rumor of an impending press release. But, ultimately, they must build a business. That is why shorting these stocks is profitable, the one big press release gives us an opportunity to short at a high price, and then time is on our side as the company struggles to actually sell something. Eventually, those who jump in on the news will fade away as nothing real materializes.

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