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


To: Lynn who wrote (2379)12/8/1998 10:31:00 PM
From: Kevin  Read Replies (1) | Respond to of 2843
 
I underscore the word 'again' because I telephoned them yesterday to get additional information on the online shopping mall they announced Nov. 30. The woman who answered the phone was unable to help me [she didn't seem to know anything] so she transferred my call to IR--where I left a message and as yet, have not had my call returned.

Same here "to the T" which makes me slightly nervous...You think if the 'shopping mall' were *really* functional the secretary would know about it.



To: Lynn who wrote (2379)12/9/1998 8:09:00 AM
From: Ron McKinnon  Respond to of 2843
 
a couple of thoughts from someone who has never traded WAVO and does not know diddle about the company

lynn, you said >>Right now I am crossing my fingers WAVO gets back to where I bought-in last week. When it does, I'm out for good

with due respect, this is something a lot of people do
they do not want to take a loss
they hope and pray that they can just get out "even"
99% of the time this is the worst thing one can do
when a stock make a big drop there is often a reason
and frequently it either becomes dead money or drifts lower
if it does go back up in price it may well mean the whatever problem caused the drop no longer applies
so often people sell out even only to see the stock go much higher from there
usually the best thing is to sell, take the loss, then go back in if the stocks begins to go back up

as to all the talk on Cramer
I happen to subscrbe to TSC and like the guy
not that he is always right
I have both won and lost on ideas I got from him
but he is refreshing to read and hear in this all too PC world
at least he speaks his mind
does not try to run down the middle of the road with words made of pablum (sp?)
I am sick and tired of talking heads and politicians who say a lot of words but say nothing

the spike and drop on WAVO is far from alone
there are dozens of small company, thinly traded internet and other stocks that have had their 15 minutes of fame
based on some news release or a mention on CNBC these suckers make a huge run up only to crash and burn
Cramer is just the "goat" on this one
every thread on every stock like this is full of people screaming that they were "had"
the reality is that if ones plays these volitile ones you win win or lose fast and big
that is just the game
nothing more, nothing less