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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Smilodon who wrote (7997)	7/7/1999 8:05:00 PM
From: Norman Klein	Read Replies (1) \| Respond to of 11417

Good luck Archer, but be careful and quick WAVX has a short history of nasty kickbacks on shorts, so don't take any long breaks from the ticker. Remember "pigs get fat, while hogs get slaughtered". WAVX is a news driven stock and TA charts won't help you predict any oncoming news. WAVX's technology is multi-faceted enough to have lots of different arenas from which to generate news releases. "No matter what your position, WAVX is just technology and a plan. If the plan fails, the stock goes to zero. There is no going concern or assets to fall back on. " Archer, we live in interesting times, where paradigms continually shift. Your analysis makes sense, but it doesn't really address today's marketplace. Every company today must be an Evil Kneival to survive. Strong technology (or stocks and money to buy that technology) is all that matters today. An on-going concern can also be an albatross around one's neck rather than an asset. Basically, it comes down to an individual assessment of the WAVE technology. You state "if the plan fails, then the stock goes to zero". If this was true, then I would have a much more difficult time investing in WAVX. But WAVX's technology addresses many different markets, so it would be more accurate to say "if all the plans fail, then the stock goes to zero". This diminishes the risk substantially. WAVX doesn't need to hit a home run in every arena, they only have to hit a couple of good singles. In the next quarter or two, we should begin to see some revenue rampup. This will provide a much clearer picture of WAVX's long-term future. In general, your investment strategy makes sense. Your winners will generally outnumber your losers, as long as you are sure to count your losses tight. But making money as a shorter is a tough tough business and many more investors fail than succeed.