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

To: John Biddle who wrote (8845)	8/28/1999 7:42:00 PM
From: B Spears	Respond to of 11417

Well John, As a matter of fact I did review the log chart when I made my original post. I felt that over the long term the point I was trying to make was best made without the log chart. Lets take a look at the log chart for a sec. beta.siliconinvestor.com I want you to pay particular attention to the years 76-78, 80-82, 83-86, and 88-90. Those were flat years for Intel. I again state that wouldn't you have hated to be one of those impatient longs who sold during one of those periods. Many did because they could not wait for the company to really hit its stride. They saw no future in the microprocessor or Intel and consequently they are still working instead of sailing. Now lets take a look at the WAVX chart for the last two years. beta.siliconinvestor.com I am only including the last two years as it is my opinion that in this time frame the company has made the move from a pure R and D company to one that is finally shipping product. I like this curve. One of the reasons that I like it is that I bought my shares on the far left of this curve. Many did not. Many bought shares at the peak and are now underwater. I could sell my shares right now and still be happy. Those that bought at the peak could sell now and try and make up their loses elsewhere. But then they would wind up in the same boat as those that bought Intel in 83 and sold in 86 because they were impatient or had no vision. I have more patience than that and I hope a lot of the people who bought in the high twenties (my wife included) will remain long because it is my opinion that in the long term we will see growth similar to Intel. In this world of make a million overnight internet stocks most have lost the patience for the long haul. I have not. Have you? If you have then take your money elsewhere. Bob Spears