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

To: Wahoograd who wrote (1941)	5/5/1998 9:32:00 PM
From: M. Frank Greiffenstein	Respond to of 11417

Another timely piece by Jim Cramer... Wahograd, there is a third possibility, namely sloppy buying or the tail end of aggressive selling. Cramer writes an article today about large price/volume moves in stocks without any linkage to news/fundamentals. thestreet.com I never much liked the argument that Internet investors had the ability to move a stock. We are just small fry. If whispering abd beating the drum got a stock up there, THQI would be to 100 now, based on the fact it is now the #1 MSB on Motley Fool. DocStone

To: Wahoograd who wrote (1941)	5/6/1998 12:52:00 AM
From: Pure Folder	Respond to of 11417

I tend to agree, Wahoograd, and tend to differ with DocStone's skepticism about price/volume movement unrelated to a change in fundamentals or news. First, this is a relatively unknown stock on a minor exchange. Mere dissemination of information about the company is at least as important as news or improved fundamentals. Second, there has been news. Lark Allen's move, continued reiteration of the IBM relationship, content-provider deals, other deals and developments, plus your reports on other activities, particularly the specifics offered today. It is more accurate to say there has been a delayed reaction to the news. Third, not everyone in the market is as patient as members of this thread. The December press release practically told everyone--"nothing big will likely happen before mid-year; go put your money to work elsewhere and drop in again in May or June." Well, May is here. Fourth, markets reflect supply and demand. A large percentage of WAVX holders are simply unwilling to sell. They realize a quick double, a triple, and they hold out for more. There is a downside risk, but the perception is that the upside could be enormous. This affects trading patterns and explains why we blew through resistance at $2.00 and today tested $3.00 a couple times before going through that level. No one seemed inclined to set sell limit orders at $3.00. With the limited number of shares out there, buyers have to ante up to get in. Fifth, I think news is imminent. It has that feel. Pure speculation; wishful thinking; instinct; subconscious assessment of everything that has been reported here and elsewhere. Whatever. See you in the a.m. Pure Folder