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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: IRVINESULLY who wrote (837)	1/26/1999 11:48:00 PM
From: Trippi	Read Replies (1) \| Respond to of 52051

WAVX -- still very strong -- nearly 3 million shares traded today -- I think that is a record for the stock -- but could be wrong -- I am a little disappointed that it closed at 7 but after 41% run yesterday I'll take it -- stock could be at 10 by end of week IMO. For those interested in this stock I recommend retaining it in your long term portfolio -- trade it if you must (nothing wrong with that) but put some away if you can -- I maintain that under right circumstances this one could have the kind of long term run -- that you see once in a blue moon. One note: it is a BB but NASDAQ relisting should occur in short order -- it can and is manipulated by MM's they walked it down from 8 7/8 to 6 today -- but volume kept coming in and pushed it back up to 7 at the close -- don't be shocked by these moves -- this tiger will bounce up and down like a roller coaster -- if you get in it -- do not let your shares get shook out -- hold them tight -- and you will be rewarded -- my only caution about trading in and out -- is that I think this one is on the verge of something really big -- and I'd hate to trade out for the sake of a quick point only to find myself on the sidelines and chasing it as it runs away from me. This one has average volume of 300,000 shares a day -- and has traded over 8 million shares in the past 4 to 5 days. Something like 24 million shares outstanding and 20 million float -- so its no pump and dump -- there are many possibilities about what is causing this volume -- and the cause can not stay underground for much longer -- Could be HP, could be INTC could be Relisting -- could even be IPO -- so many possibilities are on the verge with this one -- it could be any and all of the above -- and when whatever it is comes out into the open for everyone to see -- hold on to those shares because its just gonna keep coming -- this could be the stock of the year. I get really busy but I will try to post occasional updates for as long as this one remains on the index -- Do your DD read the raging bull WAVX thread -- its free and its a must read on this stock. All the above just my opinion -- of course. For anyone who is interested -- I'll be a guest on MSNBC this morning at 10 am EST -- nothing to do with the Market or this stock -- Trippi