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

To: Raffica who wrote (951)	12/15/1997 3:17:00 PM
From: Paul Schmidt	Read Replies (1) \| Respond to of 11417

Hi there >400 000 volume again and the price is creaking = rocket motors firing on the count down?$?$? I'd be thrilled to bits. Just been racking my brains to understand who is providing all the free fodder. Absolutely remarkable for a OTC:BB stock - I thought delisting from Nasdaq Small Caps would remove churning by MM's. Or is a big instition buying on limit orders? But that cannot make sense, unless they're just absorbing a general sell-off of shares (asian flu hypothesis). Again that does not make sense. How many investors could be holding WAVX - can't be more than 1000 or so. and no momentum buyers here to be sure - and are most unlikely to sell on bad general market news. I've just been thinking how easy it is to become distracted by WAVX's large debt (totoal development cost so far > $40 million, but it looks an awful lot better looking at other industries with similar risk of losing their collective shirts. Take the big pharmas' drug development. From initial lab results, through Phase 1-3 clinical trials and FDA approval usually takes 10-15 years,and on average costs $200 million before earning a buck. > $500 million sales is regarded as a successful drug, and in excess of $ 1 billion is a megawinner. Compare that to WAVX's potential earnings made my headeache a whole lot better.