edit: Snack - probably not.
not tomorrow... if what i think is happening IS happening, wavx will go MUCH lower over the next month. the technical damage alone is much worse than the stalwarts are willing to acknowledge (publicly).
if it drops to $1.50 i probably wouldn't be able to resist buying *some* but this move will probably be extended over weeks & IMO the MMs might move it up & down for a few days (which i might play that in a day-trade style), but not for a swing hold.
if & when SKS comes out w/some real guidance, i will again be a wave "investor" -- until then, IMO the only prudent course is to trade it.
& FWIW it's really hard to trade it as a "wavoid" b/c the loyalties & the dream & the identity get in the way.
i couldn't care less if some Inn proprietor derides me for trading it, it's the only thing that makes sense right now given the way it has moved.
"buy & hold" just hasn't worked well IMO.
& if & when Wave has sound fundamentals i'll scream it from the rooftops.
based on today's CC, the sound fundamentals are more than a Q away.
if eamon is correct that there won't be measurable revs until MAY 2004, wavx *will* go back down to the $1 range.
i can't imagine how it'd feel to let *another* five bagger slip away...
buy & hold isn't working.
i'm going w/what works until that changes.
edit: eamonn - you are correct. i meant to include the word "news." i expected to hear ***something*** about revs today. wasn't expecting boffo, but some idea of the rate would have sufficed.
Snack, c'mon man! you cannot really think that my trigger finger is controlled by anyone here ('cept me). it was Steven's rhetoric & any lack of substance.
if it's a mistake, fine. there are other stocks to make short-term gains w/& wavx won't "get away" from me (unless they get bought out).
wavx is probably gonna sell-off hard -- it was already in a serious downtrend *before* AH.
i got out while the "getting was good."
