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Technology Stocks : WAVX Anyone?
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To: PistolPete who wrote (5309)2/2/1999 9:25:00 AM
From: Klingerg  Read Replies (1) of 11417
 
To All: Remember, with all the recent publicity on Wave I'm sure the day traders are beginning to focus on WAVX. As they especially like to follow message volume on stock bulletin boards as a gauge of momentum and given WAVX is on the top 20 at RB with a 'bullet' if you catch my drift, they are surly keying on this as a trading opportunity. They too are aware of the Wall Street Forum Presentation tomorrow. So hold on the next few days to a week should be volatile. Keep your wits about you. There could be a surge up followed by a bit of a dip as the day traders abandon WAVX for the next trading opportunity. To them the long term is a trading day or less.(Latest estimates indicate 7-8 million online accounts and they are growing by 16-20 thousand per week. Day traders are estimated to be about 10% of those 700,000 or so.)

Also regarding the financing vs. product implementation announcements expected by us all. I believe the Wavemeter/Embassy product implementation announcements will come first. Then the financing question will hopefully be a slam dunk with every financial entity attempting to get in on things. The one other scenerio would be for both these events to occur simultaneously as has been already suggested by others with regard to a WAVX/HWP joint announcement.

The nirvana case would be a joint announcement by high tech computer development firms IBM, HWP, a server company such as SUNW and perhaps a plain box maker such as Compaq. All these firms already have links to WAVX.

Anyone else have thoughts on these items?...Here's good luck to us all...Happy Groundhog day and it's cloudy (here anyway)
so we will have an early spring!

PS WSJ article yesterday talks about the bubble having burst for some internet companies. Maybe this will spark some volity in these stocks and a move towards real companies like WAVX.
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