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Technology Stocks : MWAV-M WAVE COMM

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To: Mary Baker who wrote (18)	2/10/2000 6:34:00 PM
From: FIFO_kid2	Read Replies (1) of 443

I have followed this stock for years and finally found a reason to accumulate it in November and December but I took all of my profits today and I will tell you why. Its no more longer a decent value from the information provided. This press release was about an almost a carbon copy of the November release about the addition of the second shift and gave similar sales projections for '00. Its cash value per share, book value, and profit projection this quarter from a loss and a wireless sector stock prompted me to buy a truckload of it at an average cost of 2 1/8. Well if you annualize this quarter's sales it comes to 14.2 million (almost the low end of the projection of 15 million) and it generated a mere penny. In a company whose product is a commodity and supplying a quirky sales projection of virtually no growth to 100%+ growth in addition to knowing the company's history of promise I will have to see the numbers in print before I see this stock justifiable to rebuy.

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