Largehedgefund: I don't think it is accurate to call 12M shares traded in the first hour and a half purely technical. Particularly, when it comes on the heels of yesterday's record setting day for trades.
This seems to me to be the real deal, in that a lot of people are looking at a company way undervalued that has been embraced by Intel, and they are grabbing all the shares they can.
Sure, some are just traders making 20% and pulling the trigger--but it is a lot more than churning that is pushing the price up at the rate it is rising.
Perhaps you have been burned too many times by Wave in the past to see reality when it finally arrives. As someone who is extremely cynical myself, I can clearly see this is different than anything that has ever gone before in our history. Couple that with the rabid interest in the stock and the rising price and I believe you can find absolute validation.
Whatever the unlikelihood of it happening, or the condition of the road traveled to get here--Wave mgt has hit a grand slam.
Those of us who have carped and criticized for lack of execution in the past, must now stare an unmitigated success in the teeth and admit the obvious.
Our criticism was always fueled by the knowledge that the techmology was desperately needed, but that our management seemed to be unable to sell. Now, one of the largest players of all time has said, "yes, I want it and will employ it."
When it is in the Intel motherboard--it becomes the Internet standard, period. We are just two months away from the beginning of the fourth quarter, the time when Intel said these new motherboards will be available. That, my friend, is eminent deployment of the very real kind.
Sincerely, Bluefang
