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Re: TinyPineTree post# 188186

Wednesday, 02/17/2010 9:37:50 PM

Wednesday, February 17, 2010 9:37:50 PM

Post# of 249202
I agree, and also believe that a good part of the current support is from long WAVX holders encouraging family and friends to participate in this blossoming story.
The broader the base, the stronger the support level. This rather skews a technical analysis approach to evaluating WAVX stock price movement. Long holders will continue to support and encourage more long holders. This also creates a strong underlying propellant to higher prices. Unlike a Ponzi scheme, buyers here are supported by very strong underlying fundamentals. I can account for at least half a dozen additional firm holders. I wonder if this number is low, medium, or high as compared to other long term supporters. Now that would be an interesting poll.

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