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: AJ Berger who wrote (992)	3/8/1998 10:44:00 PM
From: Philip Tung	Read Replies (1) of 2843

Thanks for your comments! Your opinions lead me to conclude that MSFT buying of WAVO stock is a ringing endorsement for WAVO's technology and stock placing a bottom at around the $8 level. I believe then, the risk reward ratio in this situation is very favorable as there is no PE to justify stock price, the stock will be bid up in anticipation of the release of wavetop and the chance that MSFT will continue to support the stock price because it has not accumulated 5% yet. Wireless, increased bandwidth, investment by both MSFT and INTC, these words alone can send a stock sky high. I am not saying the stock will rocket tomorrow or this week but if I were you, I would hold the stock and not sell any, the risk reward ratio is just too good for this one on the long side IMHO. pt

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