Discussion Activity- Anyone else notice that WAVX is included in the 40 most active boards on RB? I'm sure it is among the most active here as well. Let's all hope this translates into great news and a higher stock price in the future.
Along these lines, Forbes 1/25/99, pps.82-85, "Amateur Hour on Wall Street" is an interesting read. There are now 5-7 million on-line investment accounts. This number is expected to grow to 17 million by 2001. A portion of these are the famous day traders that focus on 25 or so otc high tech stocks and are probably responsible for the explosive growth in all too well known stocks. Their motto, "...I used to idolize Warren Buffet, but now I follow the message boards.". Their credo, "...In their world, everything you have learned about rational pricing- earnings, bookvalues, or even revenues- is meaningless. Don't worry about the long haul. Trade for the moment. Make a killing. Hey, everyone else in the chat group seems to be doing so."
This should benefit us in the short run IF the good news we all expect comes. In the long run we have ownership in a real company with a distinct competitive advantage which should sustain the stock price into the future. |
