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Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ????? -- Ignore unavailable to you. Want to Upgrade?

To: Kid Rock who wrote (59)	12/20/1998 1:42:00 AM
From: Stock Watcher	Respond to of 962

T - on WAVX - yes, their technology is state-of-the-art (winning most innovative product award at recent conference for product: Embassy)- but, besides all that; the chart looks very good. Since mid-October the stock price has formed a classic "coil" between $3.00 and $4.40. Trading volume in late Nov. through - early Dec. was very healthy, but has slowed considerably since last week. For WAVX to "break-out" of this tight trading range, they will probably need much higher trading volume and some really good news (like signing a BIG sales contract with a BIG company). WAVX is a relatively small company with 41 employees and revenues of 16K for nine months ending 9/98. The current stock price is $3.75 which reflects a great deal of confidence on the part of the current shareholders. It is understood that WAVX is still a "development-stage" company, and the perfecting of its technology is much more important than pie-in-the-sky profit projections at this point. Also, thanks for pointing out that WAVX is not a typical e-commerce firm under the current definition of that term. As the company states, "their products measure, use and record the use of electronic content". This seems to be a niche' market right now, but could possibly grow into a mega-industry as time goes by. Again, once WAVX signs one major contract with one "name" account, investors won't walk - they'll run to buy the stock as fast as their feet can carry them. WAVX truly has an intriguing future scenario here....and once the chart "coil" breaks-out to the upside - this stock could take quite a ride onward and upward....thanks for the pick