Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SDR-SI who wrote (4494)	11/4/1998 5:33:00 PM
From: John	Respond to of 11417

Steven, IMO, Wave's stock price isn't moving up on announcements because the information is based on future opportunities. The hard core investors are already in and the new ones boosted the price from $2.5 to $4. Percentage increase is very good, but the new investors are basically momentum types; that jump on the bandwagon hoping for a rocket ship. Bad thing is, if the rocket doesn't take off fast enough, they bitch and moan on these message boards (just read Raging Bull) and the MM's see the unstable sentiment and manipulate the hell out of the stock price to shake out weak hands. Then the day traders jump in and trade between the run-ups caused by announcements (rumors) and sell on the actual news. We are in a "Bear Hug" by the MM's, IMO. The only thing that will put us over the top is real product announcements. Meters shipping with PC's, TV set top boxes, cable modems, etc. Once that happens, I think the sideline players will jump in, raising the stock price (and holding it there) to a level acceptable for re-list on NASDAQ. When that happens and Wave starts announcing big content deals and more meter deals, we should get coverage by the big boys (brokerage houses). The price again should go up. The final move will be earnings. When Wave shows money coming in and growth = HOMERUN! We will become a mass audience story and hopefully split many times over and the loyal believers become millionaires. These are my opinions and I intend on being a long term loyal holder of Wave stock because my background and experience tell me they are going to hit that homer. Look for the first quarter of 99 to be the start of our rocket ship. Good luck......John