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Technology Stocks : PWAV- the hot new IPO

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To: DD™ who wrote (663)	1/16/1998 8:50:00 AM
From: steve harris	of 1491

Looking at Quote.com, the last trade was 13 but it was listed as "late". The trades before it were 10 7/16, 10 7/16, and 10 11/16. I do own PWAV stock and after looking at the mistakes I made, I would like to share my opinion. In September of 96 I chased GEMS when it dropped. It rose and dropped a few times. I believe PWAV will also. The conclusion I have made is when the institutions have thrown you out, they will not return soon. I have written covered calls for PWAV and will continue to do so. I will look for some optimism which I hope will provide me with an exit point. If GEMS is at $10 a share, I cannot see PWAV holding $10. I must decide soon if I should sell also. Maybe some optimism will return and we may see $12 or $14 again. If not, $10 may be a good point to sell after I write some February covered calls. If $10 holds. I would like to hear some other ideas, as my current opinion STINKS! steve harris ps other idea: LU may buyout PWAV! NOT!

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