Wave Systems Corp. (fka WAVXQ)

[Weby]

Tommy

It's simpler than that. It was at 1.25. I could have sold there. I didn't! It was either going to go up 20% to a buck fifty or down 20% to where it is.

HowardJoel got his free shares again -- and those of us who prefer to hold and avoid transaction costs missed out on some free shares as HJ puts it.

For me it's simple. I'm not afraid to buy low with this stock. I'm always positive that IF I sell I will be selling high the one time it goes higher. I know it always comes back, but then you have to decide should you buy back AND at what point.

I said long ago that the first rule of trading is know thyself.
I don't want to pay the price in stress (maybe a shorter life) for having to spend the day, every day, wondering whether this is the right moment to buy back -- and being wrong many times.
Not when I'd buy more if I had the assets at 1.25.

The MMs have dropped the price the standard 20% and are gathering inventory. They will do it again and again forever. It's what they do. When they restock THEIR inventory having to sell shares on recent higher MARKET ORDERS -- they will selll the shares they bought low -- high and I'm sure they plan to sell some around $1.48 which becomes the 12 month high next week.