Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A few unbiased thoughts:
1. It's funny how they create a new "long" msg board when their lies get exposed and they can not argue. Then the new board gets as negative as the old one because truth eventually comes out. Truth hurts but it's better than a bunch of agenda driven lies.
2. ATM is over. It was buried by yesterday's numbers and current state of sp. It will be remembered as one of the major blunders by this incompetent stupid greedy management, one of many, but one of few that even they will admit.
3. PP is coming. Which means you must expect a huge pump campaign from the usual suspects thruout msg boards. It's gonna be about scrambls, a buy-out, new juicy contract that's just around the corner or whatever. They're good! I give them credit. They will be selling their 90c PP shares all while pumping the stock.
hi mig, i think it would simply be very healthy for you and many other if wave went out of business, shut down, disappeared. yes you would lose some money but you're probably down already so much, that what's another few thousand dollars? however, just imagine a piece of mind you would get. no more checking the sp quote 10 times a day, no more reading stupid posts of snookiman! how much more free time you'll have! you'll finally be free! IMAGINE! It could happen :)
Hi Lugan,
Let me ask you something. do you realize that they're a big company now with a lot of expenses, lots of people on payroll? do you realize the financial trouble wave is in? yes, they survived close calls in the past, but it's much easier to do that when you're small. it's a different story now. they need some serious money to pull thru the next quarter or two. they're trying ATM but there are no buyers. they can not just simply dump shares at the market price at this point because it would completely crush the sp. they need a couple of large GM-type contracts very very soon, basically yesterday. if that ain't happening, considering their current size things will get extremely ugly extremely fast. so to answer your question, no I'm not buying any shares following the cc.
Regards,
Kisamura
i know how wave can use scrambls right away to its advantage. they should scramble their Q1 results so that only selected few can see them. this way sp will still hold above $1 come friday :)
it's such a clever diversion. i gotta give you, guys, a lot of credit. so it's a couple of 70-year old board members that have been there for 20 years rubber-stamping everything that the spragues did. all of a sudden they are the problem and not the ceo. no, he's according to you is on top of the play. which play might that be? to bring this company to a complete financial ruin? let's discuss ATM. everybody including sks admits that it was a disastrous decision to do the atm. is he responsible at all in your eyes? is the CFO? you realize how much anger is out there, i get it. and you want to channel it into this pointless bod discussion. very very clever.
it's really sad to see sks pumping scrambles and some other nonsense non-stop on the internet for the past week, while EVERYBODY who has half a brain knows that's he's doing it only because he has to dump hundreds of thousands of shares in order to keep the company from going under. he has a lot of competition of course - the Safend shareholders want to sell, PP guys still looking to exercise their warrants from way back while the sp is still worth anything. sad, sad, sad, pathetically sad. but i guess it's leagal, is not it? what a great country! imo he belongs in jail. is there that much of a difference between the spragues and the madoffs? not the way i see it.
Sam, nobody else disputed my post. Quite telling, is not it?
Let me ask you something. How much money have you lost in 15 or so years you've been invested in Wave? Do you know how much money your so-called online friends made? A lot, Sam, a lot. And essentially they made this money off of you and others like you. I'm sorry you don't realize it, but I'm doing you a favor, Sam, trying to open your eyes a bit. I bet you just bought some more shares, did not you? How did they get you to do it this time? Was it all the sweet talk about Samsung, or Windows 8 or Scrambles? Or perhaps all of the above? I'm just curious.
Here's another myth, Sam. Shorts have been waging a war on your poor little Wave. Right? Wrong! Yes, there are some shorts, but they're practically non-existent. What's touted and hyped as a huge short position is just hedges by Russel funds and some regular MM action, nothing else. They need you believe that it's the shorts to blame for you losing your money because nothing unites people more than a common enemy, does not it? Guess what? It's a war all right, but it has nothing to do with some all powerful imaginary shorts. Instead, it's a war between savvy pros and useful idiots (no offense) and those pros always win.
tks, you're not missing anything. it's another dumb idea (reminds me of that whole tvtonic olympics fiasco), waste of time and money - they must have spent at least a couple of millions on this. it's being touted by the spragues and their surrogates on message boards in order to generate at least some sort of excitement about wave in order for them to pump and dump more shares. that's all. take it to the bank.
lugan, you and barge can dangle this imaginary carrot as much as you want. you've run out of fish that would bite, body. so what is it that wave is supposedly gonna make a fortune off any time now? windows 8, samsung, dod? all of the above? give me a break.
I agree with you. Do you think SKS sold some shares again as he usually does around this time of year to supposedly pay IRS? would not surprise me a bit. the man has no shame, no dignity, no honor.
Mig, while nobody ever knows what's exactly going on with this stock, one of the hedge funds that was shorting wave probably wanted to cover, approached them and they sold them shares to raise money under ATM. if that's the case, then at least, hopefully, they won't have to sell any more shares for a while. but again, who knows?
hi awk! have you seen this mornings news? looks like europe is even more ours than it used to be.
does anybody really care about 4th quarter? it's long over and the numbers are pretty much known. if i'm not mistaken, 1st quarter results will be announced in a month or so. i agree with weets or whoever posted earlier that numbers and cc hardly matter, it's sales what's missing. having said that, is sks beyond pathetic or what? you would think he'd be at least learning something on the job, but year after year he gets just worse and worse, and when you think his reputation can not get any worse, it always does. 2011 was a year full of horrible decisions by wave management. here's just a few, i'm sure people can name more: the sales people were instructed not to go after small fish and instead concentrate their efforts on big companies; dramatic increase in head count and payroll without no means to pay for such; the acquisition of safend; and finally the atm. i mean one thing you could kind of count on them over the years is how well they orchestrated the pipes, selling shares post some news into a pump&dump. now they're just selling them in the open market with nothing to support sp. brilliant.
it's fun reading this board. a couple of weeks ago it was all about samsung finally bringing riches to wave, these past few days it's all about msft. used to be dell, and intc and ibm before, and compaq prior to that and on and on and on and on and on...
should i state the obvious?
that being said there will be some news next week imo that will lift the share price a couple of bucks which will present a great opportunity to unload shares if you're long. smart people will. others will get caught up in all the hype and buy more on margin.
instead of seeing the product sold by Wave, contracts signed and profits booked, once again it's a big partner (this time Samsung) that is supposed to push/sell Wave's product. same old inability to sell. that never changes, does it?
happy 2012 everybody!
here's for a buy-out! otherwise, another miserable year under the same miserable management. this tech will be a best-seller under a different brand name with sks and his awful reputation out of the picture.
WaveyTrain, it's not about his skills but his reputation and credibility which are absolutely horrible. just talk to any wall street guy who is involved with techs in general and security space in particular. imagine that you are the CIO or CFO of a major corporation looking for security solution. you get nice presentations from wave, pilots, etc., but you also want to know who you're dealing with and who you are about to intrust the information security of your company. once you hear and oh hear you will who it is you are dealing with, you're walking away, body. yea, a couple of companies signed contracts regardless, but they're nothings but exceptions for one reason or another. we know GM did it initially to spite their old vendor and then just found out how good and cheap Wave's tech is. it's a great tech, by the way, no argument there. so here's your answer why 9 out of 10 big clients who were supposedly in the pipeline are never heard from again a year later. i mean you might know the answer but others don't or pretend not to.
Workingcapital, bravo! My thoughts exactly. I was just too lazy to write anything, but if I did, it would be pretty much the same as your comment. It's amazing how so many people keep getting all enthused about not even promises, but just a bunch of promising statements from sks, quarter after quarter, year after year... lol
the good news is tomorrow is a great day to report. with everything that's going on with the markets these days, nobody will pay any attention to the pathetic numbers that wave is about to report. actually i wish the earnings were announced today
What does SKS stand for?
hi gucci, the only people wave ever delivers for are those who participate in pipes, shorts and wave management. yesterday was the perfect example. pipe people sold, shorts covered and wave raised more money to spend on salaries and bonuses. all three groups made a lot of money. where did this money ultimately come from? i'll let you answer that rhetorical question.
olympics thing was a horrible idea and the whole wavexpress debacle still hurts and i hope they learned a lesson or two.
i like their current strategy of trying to go for home runs and forget about singles and doubles. swing away! you strike out, just move on to the next one. with the environment for tpm adaption improving and a few big clients under their belt, they should hit a at least a dozen home runs next season. they should, should not they? of course there is a lot of well deserved sceptisism surrounding their sales force. after all if you in MLB and you hit just 2 homers all season, you get sent to the minor leages, but hey! there is always next season. let's all hope they get real hot. not talking championship this year. but at least let's make play-offs. the government is a nice steroid here and not just in the US by the way.
From a news article: "Amazon believes this is the right time to go after massive growth. It's a classic strategy for Amazon founder and CEO Jeff Bezos: focus on long-term growth and prospects and ignore short-term earnings. It may upset Wall Street now, but Amazon has proven on multiple occasions that it knows how to create new revenue sources (AWS, Kindle) from scratch. Investors would be wise to bet on Bezos and his vision for the company."
So what's wrong with the same strategy followed by Wave's CEO? Nothing, just the track record. Investors would be wise to bet against SKS and his vision of the company. Therefore so many shares shorted. Will he prove Wall Street wrong this time around? We'll see.
and if not in 2nd, in 3rd sks will sure earn us a penny. and if not 3rd, the 4th will certainly be the one. lol. i'll just be happy if he did not sell any shares this april. i know. i know. the family gotta eat.
hi, i still don't understand all the bitching about sks. not that you're wrong. i agree he's pathetic and all. it's just that things are not gonna change. it's a family business and the only other alternative to sks is little mikey, you know, the genius behind the enormous success of waveexpress :)
what's the point of bitching about sks on and on? we all know he's a complete failure as ceo and he's in there only because of his daddy. painful. such a great tech and such a poor management. if wave ever succeeds , it will definitely be despite sks and his goons, not in any way thanks to him... lol. there is a chance they'll succeed imo. so all we gotta do is hold on to a few shares a few more years, right?
Taxi, I think he mentioned both MSFT and Nokia requiring TPMs to emphasize their endorsement/push for trusted computing, but there was no mention of their endorsement of Wave's software or any sort of alliance with Wave. Of course should such an alliance be announced, WAVX stock price will move into double digits. Same is probably true for Google, Apple and eBay/Paypal.
Any time you see the kind of after hours and pre market activity that we saw last night and this morning, you know there is some big news coming that has been leaked. The only reason it was not announced today is today's being Friday. Come next week, we'll find out. I have a hunch WAVX sp will be sitting well above $5 this time next Friday. Good luck to all the shorts!
Wave stock price prediction:
With S&P finally breaking thru 1300 today, there will be another 10% leg up in the genaral market over the next 2 months. that eliminates any doubt in my mind that WAVX sp will be above $5 even without any major news.
I know longs could wish for nothing better at this point than for SKS to deliver a crushing blow to shorts by announcing a couple of huge contracts, but I don't think it's gonna happen. TPM adaptation is still painfully slow. If there is something that would give the sp a major boost it's probably another alliance, with MSFT, Google or cell phone falks.
in any case, the next 2 months should be interesting to watch.
Exactly. Same thoughts here. EOM
Don't sell.
I've always been a sceptic when it came to Wave management and I still am, but I'd like to offer some advise to longs here. The stock price will definitely be back at $5 leading into the next CC. There is absolutely no point of selling any shares right now unless you are a day trader.
I think I have a pretty good record being right 99% of the time over the past 10 years.
if that happens, you'll get your $10 imo. but i reserve my right to highly doubt that, especially since it was "per sks" :)
thx. i heard that. i really hope they can close a couple of big ones by year-end. i don't want to hear about another conference. i'm surprised people still get excited about wave presenting at yet another conference...
i don't post much and it's nice to see some progress, but does not it buggle your mind that since that auto deal back in december wave can not close a single large client? supoposedly they're at the right place at the right time with the right product. right? a major bank, insurance company a health care provider, any major corp really would do. it's been 6 months and counting. lol
pure luck wave did not announce earnings last week. would have been a disaster no matter the numbers. different story this week.
a pp in the near future is not a bad idea if it follows some big announcement such the hp bundling deal. news like that would surely cause 20M volume for a couple of days. a couple of million shares at $5 or higher would not make much of difference for the sp but would allow wave to reaise hell of a lot money (2M shares PP at $5 = $10M).
nobody wants to see 2 more quaters of no news, no or slightly above b/e, sp down to $2 and then a desperate pp at let's say $1.5 that will kill the sp and send it down to $1 again...
kev, i'm as big of a sceptic when it comes to wave as you. but while i would normally agree with almost all of your points, the market seems to disagree. it firmly puts the sp at 4 bucks. so what are we missing? i'm afraid you nor i won't find an answer on this board. even the most loyal waivoids who post here don't have this kind of information. the only person who might drop a hint is howard, but he has not been posting for a while, has he?
surprising to see that sks only has 120k shares left. if i had to guess, i'd think he had many more shares of the stock.
congress passes a law a couple of weeks ago that blocks short selling once a stock goes down 10%. while it might take a few months to fully implement, given the current environment, hedge funds are discureged to bend the rules. that's one of the reasons all the selling miraculesly slowed down once wavx was under $3.50
sp has filled the gap. yea, now back up. classic