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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (6382)	4/10/1999 1:32:00 PM
From: SDR-SI	Read Replies (1) \| Respond to of 11417

ec-man and all: While I agree that the AOL announcement (which included WAVX amongst many, many other companies) is very positive, I cannot really agree that we should be terribly disappointed with the movement in stock price. IMHO that the accelerating pace of positive developments and the accompanying upward rise in both price and volatility, has taken WAVX out of the realm of a stock which reacts on just a traceable item-by-item basis, to one which is becoming dependent on a very much more complex relationship between many events, developments and situations, many pulling price in different directions. I note just a few: - The items announced by Wave, some in coordination with partners. - The announcements by previously announced Wave partners, some directly mentioning Wave and others clearly implying a Wave connection. - The normal announcements of Wave partners about things related to e-commerce for which no Wave mention is appropriate or necessary. - The clear upward progress of the stock price which, in itself, has brought it onto the radar screens of certain traders (momentum traders, etc). - The clear increased volatility of the stock price that, in itself, has brought it onto the radar screens of another whole group of traders (day traders, etc.) - The rumors about imminent relisting and various "deals". - The lack of relisting on specific dates previously set or assumed by a wide variety of investors, posters, prognosticators, self-proclaimed experts, ball readers, etc. - The slowly snow-balling realization that Wave is now a participant in the supposedly gold-lined world of the internet, which brings in another whole group of traders. - The fact that a lot of stock purchasers (I don't know whether to call them "investors" or "traders"), who got in at 9 or 10 or less and have a double or more in just a few weeks time, may be "nervous" or "satisfied" and just decide to get out with their double or more. - etc., etc., etc. I believe that what we are seeing is the beginning of the happy transition from being a stock whose price is dependent on *each event* to one whose price is determined by a very complex mix of *all events*, some of which are totally outside of the realm of company developments. To a degree we may even soon graduate to being effected by economic news. As things begin to develop, as so very well and professionally orchestrated by Peter and Steven Sprague, IMHO that we have to get away from expecting every individual event to have great effect on the stock price (except, of course, negative events). I am somewhat distressed at the negative comments made here and/or on RB about the lack of WAVX mention in HWP's BEA announcement. Each time HP announces something about their e-commerce system, do they mention their chip makers? their cabinet makers? the printer of their sales literature? If we really are going to achieve the goals of "universality" and "ubiquity" in e-commerce, then we must be prepared to be accepted as more and more of a "given" and less and less of a "required mention" in announcements. Along these same lines, I believe that many of us (probably myself included) being so close to WAVX's development and progress, may have a great over-expectation of the immediate reaction to the pending relisting announcement, when it eventually happens. Lack of fireworks on the announcement day should not deter those of us that are investors because of the company and its system, as opposed to the stock itself as a commodity, from our belief in the eventual upward progress of the company. Just my opinion; apologies for the length. Steve

To: ecommerceman who wrote (6382)	4/11/1999 11:02:00 AM
From: Trader X	Read Replies (2) \| Respond to of 11417

re: <<I'm amazed...that the stock didn't take a much bigger jump>> If this AOL investment is actually the placement that was made a couple weeks ago, and the price then jumped from about $14 to $28 in a week on that news, then the stock took a 100% jump in one week. How much more do you need? The AOL investment was not an "announcement", in that no PR came out to announce this. It was simply discovered at the trailer of a document. The "news" did not get out after the markets, because it did not get out at all. I think you are trying to equate this fine print discovery with an actual press release. It is not. The press release came out weeks ago announcing a $23M placement. I think it would be expecting too much to think the stock should jump on the knowledge that the placement was to AOL in particular. If wavx does gap up monday morning, I would be quite surprised. Trader x