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


To: John Finley who wrote (8671)8/10/1999 4:53:00 PM
From: Smilodon  Respond to of 11417
 
John, you could be right.

<< Must not be too ugly to someone who has 30 short positions mainly in 2nd tier internets.

The question is: where is the bottom?

Dare I say WAVX appears to be "basing" around 10?>>

Obviously, I am cheering the market down. But, I covered WAVX and a few others today. I covered those that seemed to have lost downward momentum and where I had significant gains. I am reducing both long and short positions to lock in gains. I think I have made all the returns I really need this year, and want to reduce my exposure.

I still think WAVX goes much lower, but probably not very fast, and it could bounce up on the way.

Best of luck in all your investing,

Archer



To: John Finley who wrote (8671)8/11/1999 10:15:00 AM
From: John J. Riley  Respond to of 11417
 
John;

>>Dare I say WAVX appears to be "basing" around 10?<<

Might be re-testing low @ 9.125. This would be a double bottom, if it holds.