Ten Reasons From A Relative Newcomer...
(1): Atmospherics: it is a good time to be invested in ANYTHING related to e-commerce. And WAVX is certainly more than related to e-commerce.
(2): WAVX's Embassy is POTENTIALLY an ubiquitous technology... something that can, without much of a stretch, be considered the infrastructure for secure electronic purchases and a source of new income for Web content providers. This is, of course, dependent on execution.
(3): Senior management and ownership: the backgrounds of those involved, especially The Spragues, gives me a comfort level that I don't usually get with Bulletin Board stocks.
(4): Potent alliances. The Web nor e-commerce are paths that should be taken alone, especially if you are small company. With H-P, IBM, RSA, NEC, "Haup", ITG, Wavephore (a small company as well, but one with a pretty potent channel of content distribution), Sarnoff, and others on board... even though IBM has been a bit quiet... I like the company that WAVX is keeping. I suspect there are even more, even bigger alliances right around the corner. Plus, some Web and new economy heavyweights like Esther Dyson are familiar and have written articles about WAVX. Esther is EXTREMELY INFLUENTIAL. As is George Gilder of Forbes ASAP and "Telecosm" fame.
(5): More atmospherics: Security and encryption are becoming extremely big concerns, as witnessed by Intel's sticking its chin out recently. For reference about how hot and important these topics are, I'd check out allec.com, a wonderful e-commerce site.
In truth though this is more than atmospherics. It is extremely important for Web content providers to avoid FRAUD. It is extremely valuable for individuals to not have to continually re-enter their financial information at various sites. Thus, the value, at least in part, of the WaveMeter and "trusted client."
(6): Imminent relisting and new bridge financing. These pretty much speak for themselves. Obviously somebody believes enough in what WAVX is about to put up $2 million. I like it when people endorse with their dollars.
(7): Very competent and professional PR. Read their releases and compare them with the typical Web hype stock. I've done this. These are not your usual "John's going to the bathroom today" releases for releases' sake. Note further, that unlike your fly-by-night "Web for a day" stock that would have leapt upon the recent surge in price and volume to come out with a classic fever-pitching release, "Bob's Web Shack Surprised By Recent Surge In Price and Volume", that WAVX has not played dubious card. That, friends, is the sign of a confident and extremely professional operation.
(8): Solid information exists. Do, as I have done, about a week's worth of search engine searches at www.altavista.com, www.infoseek.com, www.hotbot.com, and www.metacrawler.com and read the articles, dating back several years, about the origins of this company and its big idea. Do this on your own. Read about the alliances. Get comfortable with the technology and how it differs from (or could augment) SMART cards or just-software solutions. Read about Millicent and other solutions.
(9): Trust your gut. There's a very respected analyst at Forrester Research--he's a specialist in enterprise software applications--named Bobby Cameron who actually says to clients faced with big choices, "Follow your heart." Once your gut has been educated with information, some of it conflicting, and speculation, all over the map but nonetheless interesting, then FOLLOW YOUR HEART. I suggest that will lead you to at least a mid-sized position in WAVX.
(10): If you're going to invest, invest in something that CAN make a fundamental difference in a given business category or the nature of commerce itself. Don't invest in companies that make marginal improvements. Invest in those who can change the margins. (In some cases, as with WAVX, the risk is high, very high. But, think about the rewards of becoming THE preferred conduit for secure, encrypted e-commerce transactions from the desktop.) That's why my eye and dollar is drawn to the likes of ITWO (the global leader in supply chain planning and electronic business process optimization that is providing what is in essence "software to profit by") and, yes, WAVX. For the record, I am destined to become a WAVX long, in at around $4.50 (which is high among this crowd), and I'm gonna hold this one just as I have held Infoseek since $10.
That's my best shot... as a newbie. Others can offer more details.
As always, though, DO YOUR OWN DD.
Best Regards,
c m |
