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Doma I would love to cut down the noise but according to Matt anything goes as long as no one attacks anyone.
Snackman
Ah cassndra a little misinformation? Wave's products are only compatable with two of IBMs lap tops? Didn't you forget DECKTOP COMPUTERS or would this not fit into your agenda?
Snackman
cassandra everything here is for anyone to see and read. More information is at Wave's Website. Don't you think a smart investor would do this before buying a stock blind or from information on a message board? It they do, then they must live with whatever happens. They have no one to blame but themselves.
Snackman
Eric_Teaman, is that for sure? Should we all sell at the opening? Can you guarantee we will be able to buy back in the low to mid twos? What happens if we go up tomorrow? Would it then be a mistake to sell? How do you know all this?
Snackman
N4 I hold no malice toward you either. I will happy to see us both winners, which in my mind will happen.
Good luck and take care,
Snackman
cassandra it seems to me that if someone bought this stock without doing their homework and did not know about their prospects, financials and all, they deserve everything they get. But if they bought in under $2.00, they sure can't be to unhappy now can they?
Snackman
And if you have a complaint about your city govenment would keep quiet and move out of town?
No, I would vote him or her out of office at the first opportunity
And if you have a complaint about the president or our government will you quietly give up your citizenship and move out of the country?
No same answer as above
Or if you had a complaint about a product you bought would you just toss it out and go buy another brand?
No, I would take it back and ask for my money back
Do you equate all of the above with investing in equities somehow? If you do I am at a loss. Please educate me.
Snackman
Tampa, feel better. If you get it, why all the crying? I know, you want to show your emotions. Great, that isn't the reason for this board: crying and whinning. It's for sharing information on Wave and it's partners.
IHUB has chat rooms where you can show your emotions on your sleeves as you put it.
Are you unhappy we are at $3.14?
I don't think I know more than you, never suggested that. I just don't cry in public, I do it in the privacy of my own home. I don't want people to hold my hand because a stock goes down in price or because it doesn't go up. I am an investor, not a baby sitter. If you don't have the temperment for investing and you need to show your emotions, investing in equities may not be for you. You might want to look into Treasuries where they are guaranteed.
Thank you for your post though, but I will keep my emotions to myself thank you. If I have a complaint about my investment I sure won't show it here, I will sell and move on.
Have a good day,
Snackman
timmers I agree with you. Credibility is a red herring here.
The bottom line with the street is: will you have revenues and profits. That's all they care about. They could give a rat's bottom whether this reporter took liberties or not. The bottom line is performance. Intel has validated us folks. We are going to be on the motherboard. ON THE MOTHERBOARD. How many companies out there are on Intel's Motherboard??? Come on folks this is huge and all this other garbage is just that: GARBAGE.
Snackman
You know it's really funny. Today we are at $3.14. I will bet 10,000 shares of Wave that when (not if) we go to $8.50 and three days after that the stock correct to $6.75 you will think the sky is falling judging by the posts on this thread.
Let me ask you this, would you be happy with $8.50 by the beginning of Q4? And if we correct to $6.75 will you still be happy? I know I will. How many can say that?
Snackman
N4 if you can't take the heat it might be time to get out of the kitchen.
If you look at you last dozen posts you tell me if every post you put up is not a whining crying post about Wave's credibility. If you want to complain about everything then be prepared to take the heat. It works both ways.
Snackman
HANGINGIN some people are never happy. They jump up and down when something good happens but when we are flat they like to cry a lot. Young investers want it all today. They have a hard time seeing the future.
We have done in one week what every company in Nasdaq would like to do in a lifetime.
Here we are in after hours trading at $3.21. Tomorrow could be good for us and who knows maybe we get another announcement and all those that sold today will be crying again with the I could of should of would of today.
I see the trees through the forest and what I see is maga dollars of revenues ramping up THIS YEAR. When the street finally sees this todays action will never be remembered.
Snackman
P.S. As I am writing this a 25,000 trade crossed at $3.39. This could have just been an out of order trade but it did happen.
N4, I will consider that and re-look at my investment and see if this lack of credibility should make me sell my position.
Thanks,
Snackman
I believe we will not see this much volume tomorrow unless it is on the up side.
Snackman
N4 check your priorities. We were $.84 a week ago. We now know we are on Intel's mobos. We now know that IBM's customers have the opportunity to buy our services.
If you want to live on a day to day price movement and you want that stress, more power to you.
Look at the big picture. When Intel deploys our technology in Q4 who cares what this reporter reported. By the end of the year we are going to be much higher. Relax. We are in a much better position than a week ago.
Were you sure that we had a deal with Intel and IBM a week ago? Are you sure now?
Snackman
Bluefang, Snackman62 and Snackman are the same now. The 62 is off when I write posts. It is still on the cover page so just disregard it.
Snackman
AWK, I agree. The street now knows the name of Wave Systems although CNBC refers to us as WAVX. When the next announcement comes out with an HP or a Dell or someone of importance, our audience will be front and center.
We are deploying this quarter and next, that is a fact. Intel will deploy mobos with our technology on it, that is a fact.
This week has been a happening. We get Intel to validate us, we will sell our trusted services to IBM customers and our stock price is a little bit higher than the $.85 of a week ago.
This is all good stuff and more is come.
People always look to the negative and can't recognize the positive. The hand writing is on the wall the forest is in front of us, yet many are still blind
Snackman
go-kitesurf as long as you refer to SPIN as SPUN, I will consider this an attack and delete your post.
Snackman
Trading has come to a stand still. Is this our base now to build from?
Snackman
Observation: Trading has really slowed up. It looks like the day traders and momo players may have exited. Those that are buying now are real buyers in my opinion. I would not be surprised to see an up move through the rest of the day.
Just remember we were $.84 a week ago today. Stocks do not move up in a straight line.
There is still so much more that is not public yet. This is no time to panic. Things never looked brighter for Wave.
Just ask yourself this question: Would a company like Intel, that I am sure knows Wave's financial condition, make a public announcement to include Wave's technology on it's motherboard if they were worried that Wave could not carry on? I doubt it.
Would IBM make Wave a IVP partner if they could not deliver the services to their customers if there was fear Wave would not be in business by Oct 15th. I doubt it.
Will there be other POOEMs making announcements before year end of including Wave's technology in their boxes for shipment? I strongly believe so.
Is this the time to buy or to sell? I'll leave that decision up to you.
Snackman
Larry, check out my PM to you.
Snackman
=DJ Wave Systems Shareholder Vote Delayed By SEC Review>WAVX
By Ellen Sheng
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The Securities and Exchange Commission has held up Wave Systems Corp.'s (WAVX) plan to have shareholders approve an increase to the company's total float to 120 million shares from 75 million shares.
David Collins, a spokesman for the security software maker, said the SEC is currently reviewing its proxy statement after having finished a review of its 10-K filing. The vote, which was originally set for Monday, can't be rescheduled until the SEC finishes its review, he said.
Collins said he didn't know what the SEC is reviewing.
The shareholder vote is part Wave Systems' effort to keep itself afloat. In a June 30 SEC filing, the Lee, Mass., company disclosed it has only enough cash to fund operations through approximately Oct. 15. Moreover, its auditor, KPMG, expressed "substantial doubt" of the company's ability to continue as a going concern beyond the second quarter of this year.
"In order to fund our business beyond the fourth quarter of 2003, it will be necessary for us to raise additional capital. Wave is uncertain as to the availability of financing from other sources to fund any cash deficiencies," the filing states. In order to continue as a going concern for the next 12 months, the company said it needs to raise $9.3 million.
The company said it wants to use the additional authorized Class A shares for a number of purposes including selling for cash and issuing additional options, all without further shareholder approval.
Wave Systems said it plans to issue Class A shares for its stock option plans, upon conversion of its outstanding convertible securities and upon issuing dividends accrued on its Series H stock, according to the filing.
In the first quarter, the company recorded a net loss of $6.5 million, or 12 cents a share, compared with a year-ago loss of $11.3 million, or 22 cents a share. The company generated revenue of $16,000, compared with $246,000 a year ago.
Shares recently traded at $3.62, down 20.1%, on volume of 15.1 million compared with average daily volume of 2.8 million.
The company's stock saw a huge spike in the last several days amid very heavy volume after the company released two press releases announcing relationships with Intel Corp. (INTC) and International Business Machines Corp. (IBM).
-By Ellen Sheng, Dow Jones Newswires; 201-938-5863; ellen.sheng@dowjones.com
If someone asked you a week ago today would you take $3.00 how many of you would have raised your hands?
This is a great opportunity for those that see the future. If we base anywhere above $3.00 I'll sure take it. Just wait until the other news comes out. This stock is for real.
Still relaxed and waiting to see double digits before year end when actual shipments will happen.
Snackman
P.S. Shipments should be happening right now, in my opinion, but we have not heard that YET!!
soros man, WARNING please stop using the word 'shekels'. I consider it derogatory in the way that you use it and inflammatory. It is not welcomed on this thread. Posts with this word will be considered vulgar and will be deleted.
Snackman
alohamart if you are smart as you think you are I would be shorting the heck out of this stock. Put you money where you mouth is. That's the best way to show your convictions.
Snackman
Here is SPIN's e-mail
======================
Dear Ms. Sheng,
I read your Wave Systems "correction" with dismay and an increasing lack of faith in U.S. journalism. It was
*your* error that resulted in the inaccurate wire
report on Wave Systems, not inarticulate press release
writing or misleading executive rhetoric.
I am a shareholder of Wave Systems (as well as former
Editor-in-Chief of a publication that was a winner of
multiple Columbia Univ. Scholastic Press Assoc. Gold
Medals) and am appalled with the headline of your
"corrected" wire blurb.
I read the IBM release yesterday and did not infer
that a contract had been inked. Apparently you did,
however, and then chose not to confirm this salient
"fact" with either company.
Your shifting responsibility to Wave Systems instead
of accepting it, as you clearly should have, suggests
a failed journalistic ethos. Maybe not in Jayson
Blair territory, but certainly well, well, WELL below
par.
I would certainly have more respect for Dow Jones if
its scribe had assumed the responsibility for the
incorrect inference as well as the total failure to
confirm the same.
There was nothing misleading about the Wave Systems PR
and the paragraph that closes the "correction" seems
wholly unnecessary and snide.
I doubt you will respond to this missive, but it does
not change the fact that you dropped the ball and the
record now indicates that it was at the hands of
another.
Passing the buck does not engender the reader's faith,
but rather leads to mistrust of Dow Jones.
The egg is on your face, even though you (or your
editors) chose to pen a headline that shifts the
responsibility.
Regards,
Micro, thats for that post. Appreciate it. Las Vegas is going to be fun, a stop up the mountain so to speak.
Snackman
one million shares the last seven minutes.
Snackman
All we need to go up higher is a higher low each day. With all the action on this stock today we will still end up.
Snackman
All of you that were thinking of margining the stock (and I guarantee some of you did above $5.00) look and see what happens. You now have to sell some stock to cover your margin. This is a lesson to be remembered.
Snackman
This sell off was very health for the stock. If $4.30 is as low as we are going to go, I'll take it.
If you put in a physical stop loss instead of a mental one, be prepared to lose it.
Snackman
Allshore you have been asked nicely to turn off your caps and quit shouting at us. I sent you a private message asking the same thing. I told you I would delete your posts if you could not stop shouting. Your last post was deleted.
Snackman
It's amazing how the weak hands got suckered in by the MMs.
Snackman
Kevin, Thanks for that post. But Wave will garner revenues from IBM's customers that subcribe to Wave's trusted services.
Money is the name of the game.
Snackman
x-point I think Dow has it wrong and I hope the company comes out and makes a statement shortly.
Snackman
Here is the reason for the sell off right now.
Snackman
DJ CORRECT: Wave Systems Has Not Inked Deal With IBM >WAVX
Wave Systems Corp. (WAVX) stated that its security software is compatible with International Business Machines Corp.'s (IBM) embedded security subsystem.
(A story that ran at 1:04 p.m. EDT incorrectly stated that Wave Systems has an actual deal with IBM.)
(END) Dow Jones
Boy, didn't get back to this post before the edit was off. That should have been "your handle threw a lot"
Snackman
Bearmove, you handle through a lot of us off. If you stick with Wave you may have to change your handle to Bullmove.
Welcome aboard,
Snackman
I mentioned this morning that the MMs go down and take all the stop losses out. That is happening right now. As soon as this is over I expect to approch $5.00 again.
Snackman
Hey Bear, short away. We need you.
Snackman