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

To: Arthur Radley who wrote (8900)	9/2/1999 10:15:00 AM
From: ecommerceman	Respond to of 11417

Tex--Warren Buffett would not say to "cut your losses" for a stock that he continued to believe had a huge potential upside, in my opinion. I don't disagree that there is a time to cut your losses, but that is when something has changed fundamentally with the company, not necessarily when the company's stock has lost value. In the case of WAVX, I believe we've lost value because of 1) the Claugus article in Barrons; 2) the short-selling attack of A@P and his minions; 3) Wavoids who were margined to the hilt and were forced to sell on the way down. Wave's almost non-existent institutional ownership, I'll admit, is somewhat troubling. However, remember that Wave is essentially an R&D company with, as you so persistently point out, $2,000 in revenues. Lack of institutional investment, however, is hardly the kiss of death--we are one OEM announcement away from having institutions throw money at us in bushel baskets. And don't forget that in February some folks thought enough of Wave to send $23 million its way... And do you think that George Gilder, who sits on Wave's board, is an idiot--about technology, I mean?... And what about all of the agreements with major companies that Wave has, too numerous to mention--what do you make of those? Why do you think that AOL has invested in Wave? And frankly, criticizing Steven Sprague for communicating directly with some of his stockholders is ludicrous, in my opinion. The Sprague's, to their credit, don't see themselves as sitting in some ivory tower, above the shareholders in their company. I'll admit that it is unusual for the CEO to communicate on a stock discussion thread, but what it is is unusually refreshing. Oh, and one other thing, Tex: did you bother to comment on everything in my post?