I omitted one key indicia of cult stocks: Defectors or nonbelievers are ostracized, banished and sometimes attacked. Good cult members uncomplainingly drink the Kool-Aid. I think most, maybe all of these cult traits were associated with WAVX to a remarkable degree.
BTW, I think that cult stocks are quite rare. Tesla probably qualifies. But WAVE tops them all.
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Because the Good Life is Just a Pump or Two Away