Last Financing and Wave bash-ability;
Wave placed the last significant financing ABOVE, read it again *ABOVE* the 20DMA, 50DMA, and 100DMA. It would have been nice to see the last two financings to be a bit less of a mauling, but this financing is far from as disappointing as those more recent.
I suspect the financier has already bagged the 50%gain arb opportunity, or at least a chunk of it. It calls into question whether both the new money and the older money Warrants all had room to play at once or not.
But fools be fools, this has been a good week for Wave Systems, moreover there are signs that maturity is filtering its way into Wave management ... refreshing to say the least.
While it’s far from appropriate to say this, but as the cowardly disingenuous basher that I am, I will state that I am now buying on weakness.
I’ve always called it how I see it, and I believe that current circumstances afford me the welcome opportunity to step away from this place for a while.
Good luck folks. It will be needed IMO, I still believe MSFT is planning on “embracing and extending” Wave which means to conquer, eliminate, and own. Again, good luck.
And don’t get silly, this is far from signing off, but definitely moving to part time (to the pleasure of most no doubt).
Regards,
Dig Space.
The above content is my opinion.
AI
