Wave Systems Corp. (fka WAVXQ)

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WAVX, a premier cult stock:

1) Investors buy and never sell.
2) Failures presented as opportunities to buy more.
3) Group pressure to overlook obvious shortcomings.
4) Shareholders seek group approval. Board "leaders."
5) Traditional investing requirements don't apply. e.g. Audits.
6) Huge % of investors' funds tied up in the cult stock.
7) Sensible diversification or tax loss selling never discussed.
8) Desire to meet other cult members. Huge turnout at SH meetings.
9) Groupthink. "Them Versus Us." Siege mentality.
10) Doubt, and dissent are discouraged or even punished.

Two red flag phrases often encountered with cult stocks:
Long and Strong
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