OK... I know how you feel my man. Remember when I told you that I sold, well, when I sold at $1.48, even after losing 52% (~$6,000), I felt a weight lifted off my shoulder. Furthermore, since I did that over 30 days ago, I can take a tax write-off even if Wave announces something spectacular and then I buy back in below or near the $1.48 I sold it at.
A Strategy to Consider
If there is a bounce into that $1.50 area again (Lord knows Wave would pop for no reason whatsoever at times), then if one looks at past history following those pops for no reason, one would see that they were ALWAYS followed by a steady (sometimes hasty) retreat back to the level it started at. Therefore, if you are thinking (gambling in this case) that nothing significant will happen until the end of spring 2005, you can take advantage of the write-off and still be able to jump back-in at the proper moment using this strategy. It would all be up to your timing and careful attention to trading and news everyday during that 30-day period. Some would say that having no position for 30-days would be stupid because spectacular news can be announced at any moment. Well, I've heard that for over a year now. All of this strategy depends on that no news bounce though. Good luck to us all.
Paul
