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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV -- Ignore unavailable to you. Want to Upgrade?


To: Gary Armstrong who wrote (2135)12/2/1998 3:37:00 PM
From: AJ Berger  Read Replies (2) | Respond to of 2843
 
Great info Gary, Just Confirmed it!

Just for the hell of it, I went long WAVO at $10-1/8
just thru tomorrow in hopes the PR helps us $1 or $2
on the upside. First Albany's target was $12, so if
I get 20% for a days work, that ain't too shabby.
I hope they stress the WAVX Pay-per-use service, v2.0
WaveTop, and not dwell on the E-Commerce end of things.
I think the worst of the selling and shorting is over
for the day. Good Luck which ever way you're betting.

Caution: the above trade idea is for DayTrading Only!



To: Gary Armstrong who wrote (2135)12/2/1998 3:47:00 PM
From: WhipsawMcGraw  Read Replies (1) | Respond to of 2843
 
Are you sure?



To: Gary Armstrong who wrote (2135)12/2/1998 3:53:00 PM
From: Lynn  Read Replies (3) | Respond to of 2843
 
Thank you for sharing the information you received from Jennifer at WAVO IR, Gary. Before you, I, or anyone gets to excited, however, let's look at this from the perspective of CNBC (and Cramer). You write:

[quote begin]
Jennifer Schreiner at IR said it is
their intent to "restore shareholder value" to where it was before Cramers
remarks...says they are taking the high road, with a professional but firm posture
and that CNBC is cooperating...this GUARANTEES positive coverage
[quote end]

This does not necessarily "guarantee positive coverage" tomorrow. Actually, I would expect a wishy-washy statement on the part of Cramer or someone else affiliated with CNBC. Whatever is said, it has to be carefully worded so it does not totally conflict with what was said today. Anything said has to be carefully weighed so that someone--WAVO, investors who acted on Cramer's flippant comment, etc.--does not slap CNBC with a legal case.

Basically, all the writers [in deep conference with their lawyers] have to do is come up with some statement which basically says, "Hey, Cramer's comments were taken wrong." Whatever is said, I doubt if it will fully retract (or confirm) what was said today.

In terms of CNBC [potentially] addressing Cramer's term "fraud-net," this can be handled by some apology. Basically, a verb blunder while attempting to make a cutsie remark about a company Cramer, _for_his_own_ reasons does not like.

Tomorrow should be interesting, but I do not think we should get too excited about CNBC getting on its knees and asking forgiveness about having one of its employees make a slanderous comment about what they now know is a supurb company. This just won't happen. Also, regaining ground in share price won't happen as a knee-jerk reaction after whatever is said.

Lynn



To: Gary Armstrong who wrote (2135)12/3/1998 7:10:00 AM
From: Bryce Sherwood  Read Replies (2) | Respond to of 2843
 
I am not short nor long WAVO, just wondering if there is a financial connection between CNBC and TheStreet.com? If you think back CNBC used to have market mavens (newsletters from accross the country) on and we would never see the same hypesters. Now, everyday it is TheStreet.com. CNBC has built TheStreet.com into a national powerhouse. I just have a hunch that there is some financial connection between these two organizations.

CNBC needs to get back to reporting rather than making the news.