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Technology Stocks : PWAV- the hot new IPO

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To: Ibexx who wrote (1353)	4/8/1999 10:03:00 PM
From: rrufff	of 1491

One of the things that scared me. Companies that seem to delay earnings usually have negatives in there somewhere. Don't get me wrong. I think PWAV is a great company and I've been in since 10. I had a great profit and decided to keep it when it womped over 32. I missed the last 1/2 a point today and wherever it goes tomorrow. However, I felt that it was getting too pricey at this point. Forward earnings for 2000 won't be more than $1 so you are talking a pretty decent PE. Of course, in this market, you can argue that anything under 100 PE is cheap. I just had one of those feelings and may be wrong. Volume and delayed earnings. If they were real exciting, I felt they would be out immediately. Anyway, good luck to longs. I'll be back @ 27.

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