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

To: Roger Bodine who wrote (4319)	10/27/1998 12:18:00 PM
From: Kevin	Read Replies (2) \| Respond to of 11417

I expected some "selling on the news" but I thought more enthusism (from the cc) in the form of buying would have kicked in by now as well.

To: Roger Bodine who wrote (4319)	10/27/1998 12:52:00 PM
From: Peter Caradonna	Read Replies (1) \| Respond to of 11417

The pink sheets....don't get me started... My biggest hesitation at buying WAVX in the first place was that it's a pink sheet. Management looks good, product looks good, market opportunity looks good. But you have to dive into the Pink Sheet market maker sewer to buy the stock. When a stock is delisted (as wavx) it trades as a BB stock. They used to be called pink sheets because they would fill out a pink sheet and hang it on a bulliten board and brokers would look at the board and trade them. The technology is more advanced now but the problems are similar. Nasdaq is not extreemly regulated, BB stocks trading has about no regulations. Liquidity is a huge problem. If you wanted to buy 100,000 shares, it is not hard for a MM to jerk the price down to scoop then up to heave the shares. Usually there is only one MM who will deal in the stock so they control where the price goes. When we are back on NASDAQ the stock should trade much better. p