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Re: Encino post# 187096

Friday, 01/22/2010 2:56:07 PM

Friday, January 22, 2010 2:56:07 PM

Post# of 249101
Encino,

That is exactly how I perceive the success of charts. If everyone reads them and reacts accordingly, their message will come true. I am not a daytrader and tend to trade on expected news or changes in operating results. People who trade on charts are usually trading frequently and that's not my style. I don't want to take a chance of missing out on the next big leg up on a news event or public disclosure. Wave could have either at any given time and this stock has the potential to move quickly. I have built my position over time and will hold until my expectations are met or a better stock comes along. I am hoping though for a pleasant surprise with 4Q earnings to keep this stock in a steep uptrend.

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