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Looks like the long accumulators stepped right in and gobbled up all those cheap shares and took advantage of the great buying opportunity this week. Bounded off $4 and ran back to $4.20. Opened up today and closed up at $4.42. 3 days and out of the way. What a great week! Congrats to all Wave longs.
Looking ahead on the calendar......
http://wave.com/news/tradeshows.asp
You never know when we could get one of those PRs out of left field. I guess the Needham conference attendees now have a great opportunity to accumulate. JMO.
Wave announcements in 2010 with Intel connections.
http://finance.yahoo.com/news/Wave-to-Demonstrate-Uses-of-iw-1050598499.html?x=0&.v=1
http://finance.yahoo.com/news/Wave-Integrating-Support-for-iw-3085177377.html?x=0&.v=3
Are you looking to see a PP now? I thought there was no need for additional funds now, but all of a sudden many seem to be talking about it. If we have the business in hand to warrant the need going forward, then I guess it might not be a bad thing. But I would sure like to see Wave get into the Govts sandbox and announce that and some other large contracts, then have the price way up before we try to raise more funds if needed. Or maybe a buy in at that point when the price is much higher as possibly a prelude to a kiss. But now?? I don't know how the stock would react but based on past history why would anyone want to buy if the spec is that a PIPE is coming at $4 and change? That alone will allow the MMs to walk it down. JMO.
dig...at least they vest over 3 years and no selling pressure from these at present.
So is SC doing a combo with Dell/Wave and PGP?
Bluewave....I don't think it really makes any difference what Mark Haines said today. I thought SKS did a good interview in the very small amount of time. It was his first appearance...I look forward to him doing it again after more progress is made. So many opinions have been thrown out on the table over the years and what appeared impossible is now unfolding for real. Way to go Wave!
wavxmaster....I thought today was a great day! I can remember not too long ago that we were all just dreaming of what we are seeing right now unfold right before our eyes. Yes, it has been a long journey that is for sure....but IMO I think over the next 24 months things will be very exciting and profitable for this company and this investment. I hope we split at least once between now and then and before the deep pockets come a callin'. JMO.
wavxmaster....I believe one big thing we have going for us now is the nature of the clientele that are accumulating the stock. IMO, this is a different kind of money moving in. It is not Joe Investor who steps up to the plate and orders several 50,000 to 80,000 share blocks all in a confined period of time. So the MMs are sort of in check with all this now IMO. If the big guns are coming in a little under the $5 radar, then I would assume they must see bigger things developing in the not too distant future. Someone would be doing some planning when deciding to purchase this size block of shares. I also could assume some of the action yesterday could be due to short covering, but then again the based has not diminished of late...but rather the opposite. IMO it looked just like a recent pattern of big money accumulation. Today will be interesting for sure. Thanks for all you do. It has been very helpful.
It was definitely several large blocks all in a flurry.
what exactly is the news?
wavxmaster....thank you for all you do. You have been spot on.
Wavxmaster.....I have to admit.....you have called it right on the money lately. Congratulations and thank you for your contribution to the board.
That is certainly interesting.
So what does it mean or suggest?
Wavxmaster......quiet a strong move lately. I'm hoping for a little healthy pull back myself.
1260....100% accumulator. Got 90k more to do. I'll have orders in to catch any technical retracing or intraday swoops.....should there be any. It would be healthy to have some backing and filling.,..I have been buying this way lately and it has been fundamentally working for me so far....trying to keep the emotions out of it.
Whew! Where to put a bid at now? Never easy with Wave.
Yes, be cautious here. They can jerk it in a second. I got one of mine off this morning at 3:46 but missed the second one by a penny.
Wavxmaster.....guess I will have to lasso a few over the next few weeks. I was hoping claytrader would give us an update but it looks like things are beginning to get quieter on the board.
Claytrader.....can you put out an updated technical analysis for Wave?
Thanks.
Does this chart have the verbal analysis included? I don't see/hear it when I open the link. What are his summary comments? Do we have a gap to fill? Just trying to line some things up? Thanks.
dig.....foreshadow to mean you expect another test of $3.35?
wavxmaster....I will probably do a little bit next week also.
I'm working my way up to it! Will just have to wait and see. Trigger's getting kind of rowdy in the stall. :)
wavxmaster.....couldn't resist....gave it a little tap at 3.30.
don't believe I mentioned Wave going to 2.30. And yes it does matter in my case due to size of purchase.
wavxmaster...studying the volume today. With the exception of the blocks at the end, there was a lot of small trades most of the day. But they added up that is for sure. I am glad at the upward momentum as much as anyone, but I ain't ready to pay up quite yet. I'll keep watching for a little better entry point and hope I get one in the next few weeks.
oknpv....I like your potential scenario. I think I can serve as a contrarion indicator right now....I can't seem to push the submit button on my order and so the stock keeps going up! haha Hey, I guarantee when I do hit the button, she will get on track to correct back to $3 within 5 minutes. I think I will just sit tight and not jinx any of us.
Bull....what do you show as the current resistance levels?
Wow. Enjoying it I am for sure. :)
dig....do you look for a retrace back to $3.00? I just don't feel like chasing her this time. The market has to consolidate at some point IMO. And I still am kind of jumpy when I think about buying too much in front of the Jan options. One thing I have learned is when things seem to be building into a frenzy and folks start to chase it....be careful.
$2.50 and $5.00....but not much volume to get excited about. The Jan open interest is more interesting IMO.
From what I see, the top line slopes down on the tip of the downward sloping resistance high points while the bottom is intersecting the middle of the upward moving resistant points. Taking into consideration this pennant in conjunction with year end and slowing volume I believe this will extend the flag out. If you look ahead into the open Jan option contracts and if you know our trading history and investment base, it is probable in my opinion we will see accumulation offsetting any downward weakness leading strait up to Jan 21 with the moving averages forming their own pennant as they migrate upwards toward the intersection point. JMO
I look for the lower line of the pennant to follow along the bottom down cycles (like the inverse of what you show on the top line) extending the tip of the flag out to options expiration time frame in latter January. I think the pennant will be wider with an extended narrowing tip. JMO.
Hopefully we time out just right with the Govt as they are 10 years behind everything.
Expat....I hope for the same. I picked up 5k more today. I blame it on dig telling be about $2.95. :)
I think I may need a liitle soak time on that one. :)
Thanks dig. You pegged me on your last sentence. The options delivery should be interesting in Jan. It's a nice chunk of shares. I am nibbling a bit on the pullbacks but trying to be more cautious on a bigger shot i am planning.