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

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To: david thor who wrote (1113)4/3/1998 11:40:00 AM
From: Skip  Read Replies (2) of 2843
 
Food for thought:
1. HRZG Still buying

2. Holders of the convertible subordinated debentures received a
$7 warrant to extend. IMO they have shorted the stock earlier
to lock in their profits. Started when the stock moved on MSFT
news. Those warrants are callable when the stock trades 5 days over 14. If this happens then the warrant holders will have to fork out $6 million to WAVO soon. This also accounts for the short position staying in the range. Orig. shorts covered already and the new shorts will have to convert their warrants. Good for WAVO

3. Stock went through resistance of 13. Next level 15. $6 and $7 and perhaps $8 stock might want to peel profits.
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