WAVX Anyone? Message Board

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Technology Stocks : WAVX Anyone?

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To: Cosmo Daisey who wrote (6881)	5/19/1999 10:00:00 PM
From: herman15	Read Replies (1) of 11417

Cosmo, Per your example, when we hit $29 the the resistance level was shattered and everything must have looked extremely bright, correct? You would have been wrong then and I believe you are wrong now. Technical analysis is a tool, not a crystal ball. There has been more good news from Wave in the last 30 days then in the last year. Why hasn't the price gone up? That's the question. I don't believe it has ever responded quickly to good news. Lots of theories. My two reasons are as follows (not necessarily in order) 1) Many short term momentum players. With no real earth shattering news from E3 many weak and momentum players left. I believe E3 was set as THE beginning of the big upward move. When nothing big came out, the weak and unknowing got out. It also panicked a few of the so called longs enough to get out. 2) Without NASDAQ there is no NEW money. True believers (me being one) are all tapped out. Listing will open the door. (By the way,how many OTC:BB stocks trade in the $20's?).Point is, they are usually on NASDAQ by that time. And yes I believe there is plenty of more news to be released after listing. The future IS bright. The future is more than 30 minutes or days from now. Herman

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