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


To: Wahoograd who wrote (2740)6/17/1998 5:39:00 PM
From: jas singh MD  Read Replies (1) | Respond to of 11417
 
Good evening everyone,

I managed to get out of the OR by 15:00 today and was able to follow the trading action over the last 30 minutes. What impressed me was the constant action at or near the ASK. It was almost as though people were expecting some sort of announcement tomorrow.

Sincerely,

Jas



To: Wahoograd who wrote (2740)6/17/1998 5:42:00 PM
From: andrew peterson  Read Replies (1) | Respond to of 11417
 
Well, we've seen this before. Volume kicks up mid-day on no news, and the stock makes a move upward. Almost invariably in the past, this has meant that someone out there has word that a deal has been signed and is buying in anticipation of the announcement. I hope the pattern holds this time. While I like the synergy with Software.net, but I can't believe that the rise in WAVX has anything to do with it. Down the line, that could be important, but at this point it's just too far out on the timeline. I believe that what's moving this stock is upcoming news on OEMs or some big content providers. Either way, I can't wait to find out.