WavePhore (WAVO)- VBI fed WaveTop for WebTV Message Board

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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: posthumousone who wrote (695)	10/8/1997 11:06:00 PM
From: Gordon Strauss	of 2843

Could it be that because the price has risen 78% in the last 30 days, lots of holders were looking for an optimum door to bail out before earnings day in a couple weeks? The part that is hard to understand is why they didn't wait for the news to blossom. Maybe they are playing the old saw, "sell on the news". My experience is that you sell at about 11 AM on the day following news day. I am a day trader who plays one or two day hold on hot news. This one is a real weirdo! Weirder still is how the thread groupies don't seem to mind the high-volume drop on ostensibly good news. The tech patter rolls on with never a mention of the plummeting price, just as if nothing ever happened. Real life is indeed stranger than fiction, and more interesting. Best wishes, Gordon

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