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

To: cm who wrote (6391)	4/11/1999 10:57:00 AM
From: andrew peterson	Respond to of 11417

Good points, cm. I agree with you that it's very important to remember the risks involved in this stock. It's still speculative, although significantly less so than it was. But until the deals are sealed and delivered, until the revenue stream is there, we're all still playing the odds. A bunch of deals in the past have come to nothing. Those who rode this through the whole CREAF thing know that all too well. WAVX has shifted its focus periodically as it has attempted to find the appropriate way to deliver on the promise of this technology. Everyone who's invested in this company should remember that. I've had a number of serious gut checks over the time I've owned this stock, where I've gone back and done exactly what you're describing, re-doing my DD, re-reading all the old announcements and SEC filings, looking hard at management and past disappointments and trying to add it all up. I've come very close to bailing out more than once. Fortunately I've hung in there. And I'm more committed now than ever. But if you want to develop the guts it takes to ride this wild ride without flinching, you've got to do these gut checks. If you don't do this, you're way too susceptible to the fear-mongers who will be coming out from the woodwork the more success we see. Cowboy up.