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

To: sainte-beuve who wrote (2167)	2/5/1999 11:53:00 AM
From: Trippi	Respond to of 52051

Novice -- honestly I do not know where WAVX will close today -- the stock has had an enormous run over the past 10 trading days -- at one point (14) it was a triple. Profit taking is rightfully occuring -- there are a ton of people who bought this at a buck less than a year ago -- I can't blame anyone for taking a $50,000 investment and selling it for $500,000 in less than a year. Regardless of where WAVX ends today -- I believe those that buy now will be equally rewarded a year from now -- as those that got in at $1 and are selling today. I have repeatedly said if you are looking for a quick profit -- the short term trade was in at $5 (the day we added to index) and out at $10 (we went to $14. I also said it was a long term play -- I think any accumulation under $10 will be handsomely rewarded -- but if you are playing this long term -- forget about the day to day movement of this stock -- it will drive you crazy -- just accumulate where possible and sit back and relax. Let management impliment its business model. The rewards will come (with many a bump along the way). Trippi