I found this on a Yahoo post. This stock took off after a press release stating that it would be featured on the World Business Review.
To the best of my knowledge, there was no WAVC press release, so I don't expect such a large run-up, but we still could get a decent spike in the stock price on Monday. A lot of investors follow stocks featured on CNBC, and day trade them. This could mean a good increase in the morning, and a partial sell off by the close of the day.
This airing will also hopefully be the catalyst to drive the stock above 4, so WaveRider can qualify for NASDAQ listing.
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"Waverider could see similar highs on its stock" Galaxy was literally trading at under 1 dollar and than when the world business reviewed aired a program about it the stock jumped from 1 dollar to $10.00 in a couple of days. Expect similar things for WAVC given its exceptional management team and excellent product.
Here is a release from Galaxy enterprises
Galaxy Enterprises CEO and President Responds to Recent Activity with GLXY Stock
OREM, Utah--(BUSINESS WIRE)--Dec. 9, 1998--Galaxy Enterprises' (OTC BB:GLXY) CEO and president, John J. Poelman, spoke Wednesday about the recent activity with the company's stock.
Said Poelman, ''About two weeks ago we issued a press release announcing our upcoming appearance on the World Business Review program. Even we were a little surprised by the reaction to our stock, but investors reacted very positively to that news, and we have seen an increase in both the volume and price of the stock since that date.''
Poelman continued, ''The show has not even aired yet, but will introduce Galaxy to a lot of new people beginning this Sunday, Dec. 13, 1998 at 3 p.m. EST on CNBC. The show will continue to run through the remainder of December and into January and February of 1999. We are excited about the appearance, and anticipate that the exposure and recognition brought to Galaxy as the show airs in new and different markets will have a positive, long-lasting effect.''
The World Business Review, in which Galaxy is featured, will reach more than 70 million potential TV households in the U.S., and over 100 million internationally. The program will also be featured on United Airlines international flights throughout the entire month of March reaching an additional 800,000+ viewers.
The World Business Review is hosted by Casper Weinberger, former Secretary of Defense under the Reagan administration, and current chairman of Forbes magazine. Weinberger has also served as a director of Pepsico, Inc. (NYSE:PEP - news), Quaker Oats Co. (NYSE:OAT - news), and the Bechtel Group.
The show, which is well respected in both the worlds of business and finance, examines leading-edge technologies and innovative business solutions. It features various business products and companies which can provide insights into the challenges and opportunities businesses face.
The World Business Review selected Poelman to appear on the show to discuss Internet Commerce. Poelman highlights and talks about the Galaxy Mall (http://www.galaxymall.com), an electronic mall owned and operated by Galaxy Enterprises, and its roll as an Internet commerce industry leader. Also appearing on the show is Vinton Cerf, Internet pioneer, and current senior vice president for Data Architecture, Engineering Division, of MCI Communications (Nasdaq:WCOM - news). |
