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: David Gardiner who wrote (1059)	3/30/1998 9:05:00 AM
From: AJ Berger	Read Replies (1) of 2843

Convertible Shares explain high volume weakness now I understand how we could be having all this volume on with no upward momentum. According to a poster on AOL, this will mean some earnings dilution as another million or so shares are in the float. These additional shares may make the float big enough to attract more institutional interest as they seem to shy away from thinly traded stocks. Also WAVO will get a few more months of working capital they need to survive till the Ad revenue dollars start flowing in over the summer. The WSJ reported last Wednesday that the Short position remains above 1 million shares. Actually, some people like that so when the shorts are forced to cover on any really good news, the stock will rise more dramatically. I just wonder if the 4/6 release of WaveTop at that upcoming trade show will really make much difference at this point while the people who got convertible shares at $7 keep selling their stock windfall instead of holding. This stock sure is hard to call, but a lot of fun to follow. Good Luck.

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