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internet re:SSP.
i haven't scrutinized SSP's books (& i'm not a beancounter type in the least), but know they have been booking revs @ a nice clip the last few months & have made significant inroads w/govt security sales.
Wave holds around 5Mil shares of SSPX, which is around 20% of the shares out.
If Wave does in fact have deals sealed that will deliver even moderately significant revs, they may be in a position to execute an LBO that essentially buys SSP's market share w/govt (as well as the revs that will flow from recently announced Ks). Combined w/the TecSec & Cubic deals, Wave could carve out a nice (profitable) niche in govt security.
It might be a risky gambit & i've thrown it out there on a purely conceptual basis, but if they are able to obtain debt financing, it might be an effective use of that credit to take out SSP & retire the issue altogether w/a combo cash/stock deal.
maybe there are already plans for the increase in auth shares? (assuming it is approved & based on past ASMs, it'll probably breeze through).
while i'm thinking of it & because today is the ASM, i'd like to reiterate that Wave mgmt's removal of the rubber stamp provision to extend the 1994 exec compensation plan was a profound step towards good corporate governance. Similarly, the decision to leave the # of options avail for the comp plan "as is" was also a sign that things may be improving to this important end.
it might be wild-eyed to suggest a Wave LBO of SSP, but it has compelling digital identity & authentication synergies & creates new opportunities for Wave & Wave could close the NoCal office & move the west coast Wave operations to Irvine (isn't PJS still involved in Irvine Sensors?)
$.02,
SPIN
PS props to djtherex for the heavy lifting on yahoo.
Schloppy Sheng, Schlopp--Schloppy Sheng
published stories that were so beyond inaccurate that if the scenario was replayed, i would write her again in a NY minute. i corresponded w/Patterson prior to the piece briefly & urged that he report with accuracy. i knew the bias was gonna be in his article & declined to be interviewed. Look @ his track record (mostly "one day wonder" articles).
he was accurate. the one big error he made was calling the vote to raise the auth shares from 75 to 120 a 45mil share "offering." The article was reportedly corrected today.
his article is laden w/bias.
it's condescending.
it's snide.
but it's also factually correct.
it smacks of agenda & maybe some of it was revenge for his grossly unprofessional colleague @ DJ wire. i tend to think it's much more about financial press focus today in post-dot bomb being about uncovering "evil doers" & a cursory look @ Wave by a skeptic would likely result in concluding it isn't legit.
i didn't excoriate Patterson b/c he reported factually & where he erred, he retracted & corrected. my complaints w/Ellen Shoddy were not about bias, they were about inaccuracy & a total failure to verify contentions (as well as the editorial failure to vet the "facts.")
the DJ conglomerate wants to be out in front on breaking the story of the "wave fraud." The reporters reach conclusions & then fill in the gaps w/supportive quotes.
i don't regret chiding Schloppy in the least & i didn't do anything about Patterson's piece other than acknowledge its overall accuracy.
free ink is good ink (if Wave executes).
don't look to HhH for any kleenex for those tears Op, he needs 'em for the PR campaign materials.
SPIN
PS Tommy - how'd that brake pad deal w/Zelinsky Auto Parts turn out?
HhHe wishes!
no, his whole Iraq/Bush schtick is lifted from it.
i doubt he's published anywhere, 'cept on message boreds.
he's fun though... like a chewed-up tennis ball is to a Lab.
btw, i don't like the desire to "out" him, which i suspect is yer angle here...
SPIN
while yer @ it greg_s discount the polemics
there are two types of extremists here:
there's the barge types that believe that it is largely inevitable that Wave's Embassy will become the de facto trusted web services o/s (a theory i find somewhat possible though it requires a bunch of dominos to first fall).
then there's Howie...
Howie's a guy who has been living in a dank bomb shelter somewhere in L.A. since just prior Y2K. He especially likes the geothermal cooling aspects of his newfound subterranean splendor. But he can't get any tv reception, being that he resides almost 500 feet below ground. So he ran a really long phone cord back up to his former home, a cozy bungalow somewhere around Lakewood & so the 'puter has become a trusty friend.
He has posted thousands of times over the last 4 years deriding Wave (though he makes some valid points about mgmt's self-interest & disregard for fiduciary duty). His sense of duty is quixotic but admirable for the single-minded determination.
Howie's been almost exclusively in cash for *years* But the voices in his head forced him to seek out the ear of the Smart Money reporter (despite repeated claims of having no wavx position (long or short) whatsoever for @ least 3 years). He didn't want a repeat of the Weekly World News debacle where he was extensively misquoted, despite the listening devices that were planted in his microwave, toilet, garden hose & of course, in every electrical outlet in his hovel.
Necessity being the mother of invention & all, Howie was able to avoid being located by the nefarious GPS implants placed subcutaneously during the last abduction he experienced in 99. You mighta seen all the headlines in the Weekly World News. His wife was subjugated to be a host embryo farm & is rumored to have birthed dozens of hermaphrodite hybrids, though he denies the count & claims it was less than ten hybrid births.
Howie didn't come above ground for a while b/c of the obvious risks of being detected by the Crab Nebula Confederation, but the opportunity to sound the alarm that Wave is a co-conspirator in the Confederation, hell-bent on world domination through various secret mind-control technologies was simply too much to resist.
Through a closely guarded secret combination of aluminum foil, cling wrap, vaseline, fingernails, talcum powder & barber shop clippings, Howie has developed breakthrough technology destined to help the millions of abductees from GPS detection. The expected market runs well into the hundreds.
I heard he had already trademarked "Howienator," though gubernatorial candidate Ahnahld w/co-plaintiff James Cameron, are rumored to have initiated a suit to declare the term "Howienator" as confusingly similar.
He's been busy lately working on patenting the process in order to help others from being detected by the now rampant alien invasion of the left coast by former inhabitants of Centaur Alpha who have found the LA smog to be the ideal breeding ground for a new strain of hybrids.
His wife was tired of being a human petri dish & Howie, being the good guy he is, quickly set to work in his laboratory. Four years later, he unveiled to the world the "Howienator." The media didn't pick up the story (mostly because it is controlled by the aliens), but he's been hording a supply of used tissues that e plans to recycle for his upcoming newsletter.
His alter-personality Lord Nigel was a ton of fun, but the adverse side-effects of the Howienator cerebellum cloaking technology tends to suppress his submissive secondary personalities. It's a good thing he's almost 100% in cash b/c the patent prosecution on his revolutionary innovation might be pricey...
Anyway greg_s, i've learned more than a little from your posts & despite you being a pessimist on Wave, i'm glad yer here!
You might wanna get out of yer INTC position soon though & consider investing in the Howienator @ the ground floor.
He's courting VCs now and even has a brochure. He only has one though because used kleenex are scarce, so he'll have to meet you... unless you too are an alien. Which, according to Howie, after the last invasion, is almost 85% likely!
regards,
SPIN
a bluelight special
dude, was the headline " fair and balanced" like Fox News? Was the close of the article? i don't think so.
all the subheads are skewed too.
the five biggest PC tech concerns get together & abolish the TCPA, which necessarily abolished the UN veto structure. The UN accomplished nothing during the height of the Cold War b/c of the veto for perm. sec. counsel members. TCPA followed a similar structure & went nowhere ('cept the TPM specs).
TCG provides Softee no veto. Softee makes products that are bug-ridden & have vulnerabilities that allow stuff like "i love you San" & SoBIG.f... that same company is now going to develop profound security?!? Even if we assume it is true for arguendo, Softee is notoriously late w/releases & Longhorn is likely no exception (& given the scope of the release, it'll likely be even later). BTW, have you noticed what Softee says about SSCs?
you wrote: "...could have crushed Wave at a vulnerable time and sent investors and shareholders running for the exits."
that sure smells like agenda Blue. You, much like Patterson, imbued yer prose with words that foment doubt. Writers push agenda through the words they choose & all sorts of other devices.
i could go on & on & on about yer post...
just buy back yer shares @ the open & be done w/it!
whatever,
SPIN
you bet CC
you wrote: "I suppose this is your way of saying the whole topic is pretty silly." all too true. but @ same time, i *did* coin those words.
& if someoneloveswavx plans to iggy me, i'm glad she didn't use the term, b/c i coined that one too...
SPIN
PS Bearmove went bearish on XYBR b/c of Zeev's remarks... talk about pliable investment analysis.
PPS Figger - i wouldn't go so far as to say SM piece was "very" fair. it was decidedly skewed, but not Schloppy Scheng level inaccurate... big gaffe though was saying that increasing the shares auth is an "offering."
voidist vernacular
cricket, i coined both of those & both have (or @ least had connotations on the less than flattering side of the spectrum... @ least IMO). Though language does evolve as new users take on the terms & the terms take on new meanings.
void sorta speaks fer itself, but oid came from a preparation H commercial i was watching (no connection to series H mind you, well, they both relate to tuchus pain so maybe they do).
devoid & voidiot, more or less same thing...
all of this can be negated via self deprication howiever.
haup that helps.
regards,
SPIN
i know when the oompa loompas drink from the chocolate stream. but i always sell my gobstoppers below the peak price!
if yer boast is true, how'd ya get stopped out @ $2.48?
i hear mcfadden's wammmmbulance coming...
SPIN
Of course i can.
Can you?
that's a better question.
do my posts have inside joke-like comments & enigma-type stuff?
sure.
forgot you were @ work, though my point remains re: studies v. voidology.
have a happy birthday - i'd say wavx rallying into ASM & weathering Patterson's piece combined w/a broad market key reversal is a nice gift.
capice?
SPIN
got stops?
.
.
.
.
.
Wave's PR was likely released just before lunch to shake up the pattern, put fear into shorts, mess w/the daytraders, gin the price up fer the ASM & maybe also give the most dedicated 'voids a shot to buy the rally early (though Wave's alert system leaves something to be desired per the reports on today's bored).
MM chicanery ain't Wave's fault, but it does seem like they're trying to counter some of those games for better or worse.
it's YER fault you got stopped out, not Wave's.
SPIN
edit: PS "...the exact timing of publication is up to the media thats involved." ok - yer not an expert. Wave pays bizwire to release the announcement & does specify when, such as, "For Immediate Release" like the RSA PR.
PPS hey thanks fer acknowledging that this here hoor DDed the RSA scoop. How's the Did Drop Out? Where he bleeped & blooped & by ten o'clock, was completely pooped...
Zen gets it.
take Magee & his inquirer.net & combine w/Patterson & SmartMoney.com & you see a fuller picture of the whole.
both are skewed & the pendulum swings both ways.
SM is owned by DJ, so is Barron's (thought the Claugus piece was on a page around 40 or 50, never saw it on p. 1), so is CNBC, so is the Wall Street Journal.
Patterson may have been defending Schloppy Sheng to some extent, who knows? But concluding he is a short lives up to the article's headline IMO.
Does it slant negative? Big time?
A skeptical financial media is the flavor du jour & Wave hands it to 'em on a platter b/c of their shady past. True, he ignored the tech & the potential & yes Intel's obviously not gonna trumpet Wave. Is Anderson (from Cambridge no less) anti-TCG? sure. But @ the same time he thinks that, "Microsoft has used Wave ... as a 'competitive threat' in its dealings with Intel."
How could MSFT sell Wave as such to Intel unless it was potentially true?
this *could* be a gift for 'voids across the land...
the ASM is manana - if Snackman & Wildman & some of the other longest of the longs looked SKS squarely in the eye & said "Enough is ENOUGH" it would be a great day for all of wavedom.
insist that the "short-term shenanigans," as Fisher put it, come to an immediate end & 'voids'll not have the worry of future slam pieces.
Sprague-a-palooza is a juicy story whether 'voids accept it or not. Whether it changes or not is in some ways up to the 'voids. Can't realize the dream of ubiquity w/out the attendant scrutiny.
Claiming that Patterson is a minion of the shorts makes me cringe. It's about other things that Zen seems to see.
the shorts are mere beneficiaries. mercenaries too while i'm @ it.
be careful whatchya wish for,
SPIN
PS HhH did participate in the story from what he posted on RB.
PPS MIG, trust me, this is just another day in "as the wave crests." Go to the library & do yer reading! The article is not all that inaccurate (just slanted).
edit: PPPS i cannot believe that Mig's message was deleted. how very Orwellian.
edit: PPPPS Larry Dudash wrote: "The cult part about the wavoids actually hurts the stock.IMHO." it surrrrrrre does.
"You have to question that," says Saint Louis University's Fisher. "The promise of a long-term bonanza can cover a lot of short-term shenanigans."
Orda the fact is that this Fisher guy isn't a wavoid. The Sprague apologist story does not play well with the rest of the world.
especially in the post-Sarbannes-Oxley-Enron-World Com-Martha world.
Years of Sprague-apalooza has a price that greatly exceeds what is past & this piece is just a small sampling. can only sweep so much under the rug before the rug gets a little lumpy. the only way to extricate itself from that is for Wave to turn the lumpy rug into Aladdin's Carpet.
if they execute, the checkered history becomes a dot in the rear view mirror. if they don't, the rest of the world will quoteTrance & saying "the fish rots from the head." i know 'voids don't like that sorta message being bantered about but that's part of the reality that IS priced in @ $3.
Wave's credibility has to be completely rebuilt from the ground up & there is only one way to do it @ this time:
deployment.
SPIN
PS Gilder won't even talk about paradigm-shift prospects anymore b/c of class action risk (one that exists now b/c of $5 bagholders that bought shares from Feeney). Alger talks about 'em like Wave is a crazy ex-girlfriend (b/c SKS didn't back off the rev forecast 3 yrs ago & burned GROW).
PPS good corporate governance sh/could be like an asset on the balance sheet. here it's a long-term high interest debt of sorts. hyperbole, embellishment, gorging on s/h's tab, founders' shares, piss-poor disclosure & all the other c_rap created a massive, massive credibility gap. so when a short suggests a trading halt or BK or whatever is imminent, it prolly scares the uninformed.
PPPS Patterson's piece is snide & derisive, but seems kinda accurate on a quick first read ('cept the 45M "offering" ref). He shoulda waited on running it & attended the ASM too.
in the face of all that, i'm long... but, hey i could be wrong...
edit: "DAVID STONE ... owns a company that makes digital-camera cleaning products, [and is a] 53-year-old [who lives in] Cape Cod, Mass. "
how the series H_ell do i know?!?
edit: "At the very least, timing of release is suspect!" - Sam, so is the RSA PR if we're gonna be candid. mid-day news is exciting but also might be employed to mess w/the heads of the day-trade group & support the price (esp. going into ASM). tit-fer-tat on that.
edit: My guess is that he is probably a short who is looking to close and go long. Can you all say manipulation?
uhhhhhhhhhhh.
nevermind.
kevin - YES/e
MIG - GO STUDY!!!
you have my most spincere condolences in losing your mother. Almost lost mine too last summer, but it wasn't her time yet.
let the tide roll & get yer paper. i'll bet the students you compete against are memorizing elements or prepping outlines already.
yer never gonna understand the rule of perpetuities OR the trading of wavx!
so get back to bidness,
SPIN
PS Finish yer review note or there will be a substantial sub-citing assignment waiting for you in yer LR mailbox. Gotta few hundred citations that need bluebook verification waiting for you if you stay glued to that screen!
OT MIG - step away from the anxiety!
i spent 1L obsessing about wavx & then spent the rest of law school trying to make up for my mediocre first year.
missed out on summa cum laude b/c i was too busy worrying about the stock. was always behind in reading, never did my own outlines, crammed for exams instead of building up a knowledge base.
yer a 2L-night & that is in and of itself an arduous journey & will require yer best efforts, which necessarily includes putting yourself in the best mental posture possible to succeed.
You have chosen to make a serious investment in MIG. much more important than *any* stock IMO & i hadta figger that out the hard way.
Focus on MIG becoming the best lawyer he can, not on whether an MM took out stops like a street mugging.
In three years you will be a lawyer.
In three years wavx will be a LOT higher.
Just let it all happen & focus on the events that you actually have control over & maximize yer opportunities.
This may seem delete-worthy, but really applies to anyone who is obsessing when they should be leveraging every opportunity that exists in their real world.
i haup you make order of the coif.
wavx'll be there when you graduate.
Spincerely,
A formerly mediocre 1L wavaholic.
PS Sully - you present yer case as if the PR writer hadta pull an all-nighter! The parties assuredly knew the terms of the financing weeks in advance & could have been more forthcoming with a potential timetable for conversion. Nevertheless, thanks for ending the speculation.
TC is an extraordinarily divisive subject...
much like WMDs, etc., etc.
AJE, since you seem to be full of energy, check out this link from NSF (no, not Wave's bank account!)
http://www.cise.nsf.gov/fndg/pubs/display2.cfm?pub_id=5370&div=
later,
SPIN
"Treacherous Computing" - a polemic view on Hahvahd's take.
http://newsforge.com/newsforge/02/10/21/1449250.shtml?tid=19
A.J.E. - yer especially fiesty this evening. Glad to see the WMD fracas is in the wild west.
SPIN
another reference design, etc.
maybe a joint venture where AMD provides the fab for E v.2
maybe a direct investment (btw, i don't buy the "we're a public company & there's too much paperwork to invest in us" BS).
FWIW, AOL's investment sub owned wavx in 99 or 2000.
i dunno. it just seems like a rather long silence from Sunnyvale.
musing,
SPIN
Trusted Computing, Peer-To-Peer Distribution, and the Economics of Pirated Entertainment
Stuart E. Schechter, Rachel A. Greenstadt, and Michael D. Smith
Harvard University
{stuart,greenie,smith}@eecs.harvard.edu
May 29, 2003
Abstract
The entertainment industry, facing a formidable threat from peer-to-peer piracy networks, is exploring every possible means to attack these networks. The industry is also employing defensive strategies to protect media and media players from those who would extract and copy their content. These content protection systems depend on the computer industry’s newly announced ‘trusted computing’ technologies. While ‘trusted computing’ technologies may better protect media and media players from content extraction by pirates, we assert that the very same technologies can be employed to better protect pirates and their peer-to-peer distribution networks from the entertainment industry.
http://www.eecs.harvard.edu/~stuart/papers/eis03.pdf
SPIN
Wave & AMD?!?
Yes this article is 14 months old & yes the MoBo ref design PR is from 2000, but this article maps out some stuff to foment some frothy speculative drool.
http://www.extremetech.com/article2/0,3973,282114,00.asp
SPIN
close shute... short swing rule (16)
short swing rule benefits the company. it permits the employer to recover profits from the employee who buys/sells or sells/buys w/in 6 mos. the BofD or S/H can approve of such a transaction (& waive the right to claim the profits).
here's a good article on the rule (based on a decision re: NSM & Fairchild Semi).
http://www.thelenreid.com/articles/article/art_168.htm
considering Wave's corporate cookie jar history, i sorta doubt any sr. execs would hafta worry about losing their wavx option profits due to rule 16...
old habits can die hard. which reminds me, thanks to Sully for untangling the golf ball core that was the non-disclosure of the series H_ell conversion timetable.
btw, JS, i totally disagree w/yer assessment that they were unable to easily communicate it -- YOU DID. so why can't they?!?
Wave coulda *easily* included language in the PR that indicated something along the lines of:
"Based on the terms and conditions of the financing, the earliest date the conversion could occur at Wave's option would be following a period of trading 15/20 @ $X commencing on a date not sooner than November XXth, 2003" (or something similar).
They coulda disclosed it in a manner that didn't take a seasoned lawyer contacting the CFO & translating it on a bored. But thanks fer doing that (& for posting it here & elsewhere).
SPIN
PS for those who even care, "Bearmove" is aggressively accumulating (& pumping) XYBR, yet derides Wave. Pot, meet Kettle... Kettle--Pot. Ironically, based on XYBR's relationship w/IBM.
88 - short swing rule=6mos restriction/e
nice reversal!/e
weby.
you may recall i bought in (after being out for around 3 years) @ $.94.
i fully concur that a tsunami flows underwater before its existence is known.
that's why i bought it @ $.94.
@ the same time, it was the dots v. candlestick theorem that cost me a bundle in 2001.
that was then.
things are, IMO, *much* different now.
yer right about the degree to which we disagree btw...
SPIN
yer right Kevin
http://www.crmllc.com/crmllc/web/me.get?site.home&S003
the kids on yahoo are lauding a supposed increase in Inst. holdings this week. i suspect that it is the result of the PP series H_ell registration & not an accurate reflection of open market transactions, which, if Thomson's is even remotely accurate, suggests aggressive selling.
I DO believe that over time, there'll be all sorts of "sexy" owners of wavx & i ain't talking about any french_bikini types neither!
hey even Huey Lewis used to own Wave (but it never made the News)!
it could hauppen again,
SPIN
a day, a week, a month, a decade or a millisecond...
while i don't place too much stock in Thomson's, the Inst. action for the week is extremely one-sided.
sell-side.
http://iw.thomsonfn.com/iwatch/cgi-bin/iw_ticker?t=WAVX&range=7&mgp=0&i=3&hdate=&...
guess that has something to do w/a different agenda...
SPIN
Webster - Institutions own 4%
http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=US%3aWAVX
is the Cramer of Cramer Rosenthal Mcglynn, Jim Cramer of TheStreet.com, CNBC, etc?
if so, i'd say that's a strong endorsement for down the road. he once called WavePhore, "fraud-u-net."
but overall, as of the last reporting, net Inst. Ownership decreased by almost 46,000 shares - AND- collectively, the top 10 Inst. holders trimmed their positions (a few did add).
i do agree though that wavx seems to be under stealth accumulation, but overall is in a distribution mode.
given the formerly shaky credibility of mgmt, if "the street has ignored the Intel announcement as more Wavx padding" as you wrote, i think wavx would be back below a buck.
it's > triple where it was prior to the announcement.
Wave is *worth* $150mil based on that PR alone IMO.
what if they IPO WaveSexpress w/in the year?!?
then again, what if Dean takes 1600 Penn.?
who knows, but i think yer $1/month avg. model makes some sense. but today's broader market jump & fall suggests selling pressure across tech issues IMO.
best,
SPIN
assumptions:
Weby wrote:
"Much of the 12 million shares was purchased as an investment and a long term investment as well."
i'm not going to play any semantic games about the meaning of "much" & i am not a hedge fund expert, but from what i *do* know about the biz of the private placement types that provide almost usurious funding to concerns w/balance sheets on fumes is **rarely** long-term buy&hold.
maybe you know more about this sitchy than me. i dunno. but i seriously doubt that the majority of those who participate in this sort of finance are in it for the long haul. They typically establish mechanisms to ensure repayment & those typically include mechanisms that are terribly disadvantageous to the avg. s/h.
i think most would agree that the PP players rec'd a much better deal than we did. that goes w/the territory though.
preferred v. common -- says it all.
i know i'm basing much of my view on anectdotal experience & know that can be unreliable @ times. nevertheless, the PP holders are in no way the Salvation Army - they want a big return, they want it nearly guaranteed AND, if for some reason the debtor does have upside opportunity, they wanna BIG piece of that too.
i'd agree that in general things are good.
MSFT no longer has a veto as they did w/TCPA.
MSFT has acknowledged that an "SSC" hardware component is required for hardened security.
MSFT has a can of, ahem, worms on their hands w/'net security.
the rest of the world has figgered out what Wave has been carping about for 15 years & if it wasn't for the massive shift in the market for trusted computing, those PP holders would be of the death spiral variety.
Wave has a rare opportunity to seize a piece of an enormous market, one that SKS has understated as having "nice scale."
all they have to do is execute & anyone that owns @ today's price will do exceedingly well long term.
short term is another matter though & some large holders IMO aren't interested in the big dream, they want the bird in the hand.
i am quite impressed w/the resilience of the support @ $2.80, but i've also seen the MMs take the price down on next-to-nothing & i've also seen massive MOC buy orders that do not result in a commensurate rise in price, in conjunction w/obvious fakeouts & aggressive sell-side tape painting @ the close.
there are strong forces that seem to want wavx to move lower & they seem to be in control of the stock right now.
boreds are almost entirely irrelevant to that campaign & certainly could not thwart it even if the inhabitants wanted to. then again, many of the longest longs want the price to continue its decline as has been posted many times over the years.
in a year it won't matter IMO.
SPIN
[edit]
PS hey Nick - think outside "the box" - a Nokia announcement of global deployment of TCG compliant cell phones would be about as big as it gets IMO. Almost as big as an INTC endorsement.
Morning Dewe
a coincidence perhaps, but one could also speculate that $3.56 was the price @ 3:56 on the day of the CC.
it fell off a cliff nanoseconds later...
$1.13 was the strike on SKS' options & i sorta doubt the tea leaves say much more than that.
FTR i don't dislike SKS, et al exercising some options, though it woulda been a nice show of confidence if he, Dad & Jerry didn't immediately flip them into the market.
But i doubt it'll matter in a year.
anyway,
SPIN
OT if i was a day trader...
so would i.
if i was a day trader i woulda bought eght today after it rose 10%
if i was a day trader, i wouldn't bother doing any DD -- i'd just go w/the flow.
i think wavx may some day rival the numbers McFadden posted on intc if one bought it in '74. i once believed 100% in the possibility that wavx could be "the next [insert whatever great stock you'd like]." i may only believe that @ a rate of around 90% today, but it's enough for me to be cautiously convinced.
that's why i'm here...
but fer now, i think wavx is going lower.
SPIN
PS e-shute re: that question you posed to me a while ago -- a qualified "yes." Ask Snack for more details.
beta = 2.01
Ramsey, you wrote:
"eventually, WAVX will become extremely volatile!"
what is it now?!?
today's semiconductor spike might portend for a macro consolidation in tech on the horizon. [edit: @ 12:25pm Ralph Bloch on CNBC called the SOXX spike a "blow off top" w/a 1/3 retracement expected].
notta good time to increase the float by 20% IMO, unless yer a well-heeled wavoid waitin' for a deep-discount entry point.
Wave might be able to gin the price up in the short term w/PR (though IMO HPQ & AMD are almost "priced in" for the voids that know the story).
The MMs are playing their games & every rally has failed in last few weeks & we're seeing lower highs & lower lows every day & (almost) every day's range since the CC involves a fakeout breakout & then trends @ the day's low until end of session & then is pushed lower @ close.
the "trend is yer friend" theory currently applies only to those waiting to cover & those waiting to grab cheaper shares.
ironic that the shorts & the longest of the longs sorta share the same hopes right now...
IMO none of it'll matter in a year, but fer now the trend has been one of "distribution" w/no end in sight & 12-14 *million* new shares potentially on the selling block as daily volume decreases.
Again, IMO none of it'll matter in a year...
SPIN
weby - Head Fakes
you wrote:
"There's less stock out there in the float then there was two weeks ago IMO."
that statement's probably only accurate for the rest of the day.
aren't there around 12-14 million shares that will be/are now registered? assuming the amended registration is approved (noting that Wave left a date box blank which may or may not be enough to reject the registration).
those 12-14 million shares missed out on the run to $5, unless they are already "short against the box" (which totally circumvents the short restriction, btw).
there's gonna be significant size on the ask for a while IMO...
SPIN
Trustworthy Voting?
We believe in the power of software and its ability to execute daunting tasks. However, we are also aware that all software has flaws and that, sooner or later, these flaws will appear. Because of this, there are some tasks for which software alone should not be trusted. The process of voting in electoral contests is one of them.
The reason was made clear in research recently completed by the Information Security Institute at Johns Hopkins University (see http://www.avirubin.com/vote.pdf ). The researchers analyzed code found on a site of Diebold Election Systems, a company with contracts with several states and with tens of thousands of voting systems in the United States.
The Diebold code was riddled with serious holes and flaws that would make it possible to rig voting machines or let someone vote an unlimited number of times without detection. Of course, representatives of Diebold are protesting that the code in question was old and that they are constantly improving it. Were the code as clean and secure as is possible, we would still be against its use in deciding elections.
Chief among our concerns is that the Diebold code in question is closed and proprietary. Because of this, the only people who may know of a flaw would be those exploiting it. And, of course, there is always the possibility that a coder could add a back door that could be exploited. The code used for something as important as elections must be open so that all can be assured of its integrity and security. No independent group of code evaluators can provide the same level of validation that the full tech community can.
We believe that software should be only part of the election process. We agree with security researchers at http://www.verifiedvoting.org who argue that there must be a paper audit trail in any election. While software and touch-screens can help avoid selection problems such as hanging chads, they should create a paper document that a voter can verify and that can be stored like any paper ballot. The voting machine should stop at creating the ballot, and standard ballot counting procedures should remain in place.
If these software-based voting systems stay in place, it is likely that a flaw will be exploited to change the results of an election—making Florida in 2000 look like a minor occurrence. As technology professionals, we must make sure our congressional representatives understand the serious problems presented by these software-based voting systems.
A bill introduced in May, the Voter Confidence and Increased Accessibility Act of 2003, has among its requirements that voting systems provide a paper audit trail and that the source code must be available for review by any citizen. For more information on this bill, go to Thomas. loc.gov or to http://www.action.eff.org/action/index.asp?step=2&item=2754. This bill will ensure the accuracy of electronic voting, and we support its adoption.
http://story.news.yahoo.com/news?tmpl=story&u=/zd/20030804/tc_zd/45764
SPIN
blew the 3 post wad in < 1 hour!
yer becoming a fuzzy little lucky charm Howie & reaching new heights for "entertainment" value.
take a look @ when you posted & compare w/this:
http://139.142.147.22/GifChartEngine.dll?interval_day=6&cus=0&indexSymbol=&securityType=...
come back real soon!
or around 24 hours from now...
ciao!
SPIN
PS if you owned wavx & complained, you wouldn't appear to reporters as one donning a reynolds lid.
I-Watch indicates Inst. action.
It only covers 45% of the volume, but an interesting jump from the 5% area to 16% today -- but largely sell-side.
http://iw.thomsonfn.com/iwatch/cgi-bin/iw_ticker?t=WAVX&range=0&mgp=0&x=11&y=13&...
Island looks like mostly retail & buy/sell favors buy-side (slightly).
http://data.island.com/ds/tools/timeandsales/timeandsales.jsp?width=555&links=true&html=true...
strange days,
SPIN
PS TENTH consecutive day trading > $1.90
PPS re: Liberty - OM Namah NOKIA...
http://216.239.39.104/search?q=cache:nVdJbchJJZEJ:press.nokia.com/PR/200205/861169_5.html+nokia+%22w...
it's all that overhead supply!
he he he
SPIN
whoa.
anybody got a cigarette?!?
SPIN
after 41598 posts trance finally tells the truth!
http://ragingbull.lycos.com/mboard/boards.cgi?board=WAVX&read=406548
SPIN
PS tranny if i really weighed 919lbs, but i wanted to look like i was 212, would wearing stripes be out of the question? tia.
you'd hafta be a hammerhead to think i'd disagree w/that suggestion!
but there is a demarcation line b/tw us - it won't keep my capital on the sidelines, yet you'll heckle Wave & keep yer money in some big-cap fund or something.
then again, i've been called a hoooooor by some inn keeper. yer ideals & principles must be greater than mine to that end. i think the shift they have made is a positive step towards solid corp governance.
willing to give them a second chance where yer not.
that's okay... confident you'll wish you compromised that ideal (a little) in the months & years ahead.
i'd be hauppy w/Feeney paying back his loan FWIW. The Lee Three loaning money to the corp!?!?! i doubt it'll ever hauppen, but that won't get in the way of the buy-side ('cept you & maybe another few).
anyway, enjoyed yer brief visit. now back to the wild-west bored!
later,
SPIN
PS Stonegates aka D&O - yeah i remember you: full_spinnaker@yahoo.com
PPS i'm wondering if trance has enough ice cream in her fridge to withstand the torment of wavx's run... can only imagine how pasty she must be!
3h you underestimate the "strength" of the bargaining position inherent in the technology.
SKS had chips to play. Yes the weak financial quandry played into INTC's hands, but he still held the key to pulling off much of what TCG aspires to accomplish.
What you posit ignores that big chip in wholesale fashion, suggesting either: 1) you know & it doesn't serve to make yer point; or 2) yer incapable (b/c yer mired in cynicism) of recognizing the significance of the tech (disruptive tech btw) & cannot factor it into what SKS had on his side of the table; [edit] or 3) you didn't factor it into analysis at all bc/ you missed it, don't have experience in the area, are smoking "medical" marijuana, or some other such thing (we'll see if that = an "attack" - i doubt 3h'd think so, but we'll see if Matt does).
IMO making the INTC deal was verrrrrry different than the seires H_ell deal. You seem to be collapsing the former dynamic into the latter.
have you done much (any) negotiating in your career?
regards,
SPIN