SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Satellite Mike who wrote (1710)7/14/1998 10:06:00 PM
From: Instock  Read Replies (1) of 2843
 
Satellite: I beleive earnings are due the end of this month.
They missed the Estimates earnings for last quarter by 11%

Here are their earnings and the Estimated earnings
Last Quarter (Mar 98) -0.30
Surprise -11%

Consensus Estimates
This Quarter (Jun 98) -0.25
This Year (Dec 98) -0.89
Next Year 0.13

IMO, not a pretty picture for a $11 stock. Add in insider selling, low cash position, negative profit margin, etc..
As it gets closer to next year, the price might be warrented.

Looking at the chart, I see that WAVO price did move up before the last earnings, then went in a 5 week slide from $15 to $11
I might consider a long position 3 days before earnings come out, IF volume and price movements warrant the 3 to 6 day gamble.

Anyone interested in CADE? IFLY? LONG. Just throwing out two other stocks I like, LONG. I usually do not short sell much, but some are screamers! CADE is a safe long and longer term long.
IFLY is riskier, but the short term reward is greater.

IN
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext