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Technology Stocks : MWAV-M WAVE COMM

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To: Tom Hua who wrote (121)3/30/2000 1:29:00 AM
From: coachbobknight  Read Replies (1) of 443
 
emlx has certainly been painful for those long...wish we had a piece of that action...grin

with mwav we feel very comfortable...didn't buy anymore today b/c we see futher weakness in the naz thru at least friday morning...<then a rally thru april 17 if you want our precise call<if it were really so easy>>...

not sure if anyone cares but our shares of mwav are not for sale until 2003 or 500 million dollar market cap...whichever comes first...we think fiscal 2003 revenues of 100 million are not out of the question, and in our view a 5x multiple of sales would be appropriate...

we believe this stock like kvhi, lphl and a few others has the potential for enormous returns over the next 2-3 years...

some have asked me privately why we did not support the bid at 9.5 like i said...well, <grin> we bought 10k at 9 3/8 and 9.5 and the selling wasn't done so we stepped back...

we will look to buy more below 6 1/2 though we are not sure if we will get the chance...

we like mgmt's proactive approach to raising their street profile...it is a very positve sign about future prospects for mwav..

the float is practically non-existent, so our position building must come during times of panic...there was no real volume to buy today though...if we had wanted to add 20,000 shares it would not have been easy...

more later,

steve
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