edit: WAVX & "the market":
Zen -- i was under the impression that "the market" always looked forward @ least 2 Qs?!? If true (& noting that we are halfway through Q4 '03), maybe "the market" just doesn't think much of the expected results for Q2 '04, OR, maybe the company has blown so much of its credibility that only seeing the purported pudding under the crust will suffice?
Rachelise -- yes, but maybe b/c of "the boy who cried wolf," you won't hear about those negatives until it's too late. some here still maintain that the NEC trials were a rousing success b/c Wave was able to port the tech to new languages for a new iteration of the tech (nevermind that the chips are a write down or that NEC hasn't announced any further orders, etc).
"third time's a charm" could eventually morph into fool me once, fool me twice, fool me thrice... but we will invariably be the last to know!
would love to read someone's support for this short-against-the-box arb theory... specifically how these phantom arbs are able to obtain 7-10+ mil shares (something on the order of 15-20% of the shares out, depending on which #s are utilized) when 4.5 +/- mil (another 7ish % of the shares out) are already out short & a UPC restriction remains in place.
SO, where exactly are these shares coming from if the deal is not yet final (assuming a deal is in its latter stages)?!?
i don't buy the theory @ this point -- not in the least.
edit: Wildman writes: "Wave stated stated that a funding would be done by the end of the year. It sure won't be done the last few weeks of the year, so that likely means it is taking place as we speak. Nothing has changed the prospects negatively going forward."
The PR i read stated that Wave would seek to secure funding by year's end. more than a slight semantic difference IMO. "Nothing has changed..."? isn't another Q delay for revs negative? isn't a complete dearth of NSM confirmation after now EIGHT months since the PR a negative?!?
oh wait... almost forgot, i'm long so i have to post rhetoric to improve my trade:
WAVX Rah!
WAVX Rah!
Rah! Rah!
WAVX!
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