Wave Systems Corp. (fka WAVXQ)

[aleajactaest]

hi bluefang,

thanks!

it's the magician's trick to make folks look in the wrong direction.

wave's unsafe harbour and its hedged assertions about the future distracts from a review of the results. it would be wonderful if there were two separate calls. one to understand past performance with a reasonable amount of time to digest the 10k.

and a quite different one to discuss the future.

it has been a bit safer to ignore the latter for quite a long time.

i have learnt to defer to the pattern of actual progress in order to develop extrapolations. a single sale can be useful (e.g. cash flow) but it is a point and not a pattern. i wrote a post about one swallow not making a summer shortly after the gm sale. repetition matters. it's nice to have reference points that make it seem one said something worthwhile every now and then.

i've even referred to that post a couple of times recently. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113140195