Infowave Wireless Messaging IW:TSE Message Board

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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE

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To: axial who wrote (1510)	3/31/2000 8:01:00 AM
From: David Patrick O'Connor	Read Replies (2) of 1690

Jim; I find myself in an awkward situation these days. I feel tremendously vindicated by the recent turn in the markets, as my entire position in IW was liquidated on Tuesday, March 14th. I stated on RB about a month ago or maybe sooner that IW could get dragged down in a tech sector correction. The dilemma is on the home front. My wife still has a considerable stake in Infowave. Discounting a few more up days, I see much more downside risk for the entire wireless sector. There has been a major shift in market sentiment which shouts,"Show me the money!". There will be no more voodoo accounting procedures and insane valuations without genuine earnings growth. That's the way I see it anyway. Take care, David Patrick O'Connor

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