and as far as "causing"
the tape:
On July 30 WAVX closed at 1.37
at the open on Jult 31 wave released the Bell_ID PR, and closed that day up 2 cents to 1.39 on modest/light volume
the next day they gave up the 2 cents plus a penny to close at 1.35 (volume and price movement all consistent with my interpretation of the SP consequence of the future project "Bell-ID") It seemed to me then (and now) and sensibly I might add the market, for the most part, could not give a flying monkey about Bell in the near term.
On Aug 7th Wave closed at 1.31 on higher volume (now off 7 cents from the Bell_PR of a week ago). The next day they close at 1.17 (the Q2 report and no new sales). It was not reported on Aug 7th and Wave failed to reach a definitive agreement with Bell-ID, what happened is they reported the previous quarters sales. The future project Bell thingy having all the consequence of, well, nothing?
the price recovered a dime over the next week and drifted sideways with some variation for a month. In the last two weeks Wave has stair cased itself down on light volume to the Aug8 level.
In the face of the tape, is it really your argument that Bell_ID is "causing" the recent SP behavior of WAVX? or am I just misunderstanding what you are saying?
The above content is my opinion.
