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Technology Stocks : WAVX Anyone?
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To: SDR-SI who wrote (8835)8/28/1999 8:17:00 AM
From: Arthur Radley  Read Replies (1) of 11417
 
Steve,
You know that any explanation that I would offer wouldn't be accepted as having any validity ....and that is okay.
What I find amazing about this company is that the drum beat by posters is that this will be a billion dollar company in the near future. Between SI and Raging Bull, the constant mantra is that Good News is coming...and soon.

With that in mind and knowing that the real smart money is ahead of the game in placing bets, doesn't it give anyone a pause when you see that institutional ownership is only 1% for WAVX. Then when you look at insider trading and you only see them selling the stock. I'm still scratching my head over the response about allowing the CEO to maintain a life style and that he should be rewarded for what he did at ANOTHER company as justification of his selling of WAVX stock. Boy! I could really have a life style if I made well over $300,000 in salary and then could sell company stock for well over 1/2 million dollars and have my shareholders applauding my actions. And just think! For your largess, you get a company bringing in a whopping $2,000 a quarter in revenue.

See Data:S&P Data for WAVE SYSTEMS CORP CL A
Saturday, August 28, 1999

Explanations of the reported fields are available. General Information
Ticker symbol WAVX
Exchange traded NASDAQ
P/E Ratio 0
Five-year growth
(percent) -2.1
Percentage held by institutions 1
Option root AXU
Beta 1.33
Average daily volume (000) 631
Investor contact Mark Marinovich
Phone number (212) 755-3282
Business description Develops a system which meters the usage
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