FWIW/IMHO Worth what you pay for it...
While it is difficult to sit back and watch a company that is dear to our heart get attacked like this, it is hard to look away.
I just wanted to throw out the idea that just because it is below $2 doesn't mean they aren't done. Patience is needed here. (all bets off if we get any substantial news.... with numbers attached.... However, After years of waiting, odds are against it happening in time to save this situation)
Two things....
First they will probably want to keep it down here for a few days. Just to make sure that there are no shares that have not been squeezed out by the downtrend in the general market and the long squeeze attack on WAVX. ( The Dow is down heavily (so far) the 6th time in 8 sessions only being slightly up yesterday. REmember ...WAVX may not be the only stock in someone's account. if you have say..STX and WAVX both are still going down. STX may still be marginable and both are stilll getting daily calls as both are going down daily.
After they feel as if all shares are squeezed out.... (3pm this afternoon would cover that time frame for WAVX if you are using my broker. I could have held margin solely on WAVX till yesterday without being sold out)
Once down at this level their will no longer be assistance from long traders to bring it any lower (unless they have other margined stocks) . There will be very little selling after frustration peaks and margin is gone. Volume will dry up. Then we should see a nice little run. Traders will feel as if this is a good time to jump on board for the nice 20%- 30% quick run. It will be a nice time to make money for some. Fair warning....MM's are in the money on all their shares. IT is easy for them to run it up to $2.50 in a flash and get a frenzy going and then drop it right back to $2 leaving buyers shaking their heads again. Just when you think it is over they will yank back on the leash. Chances are we will dip back down to the below $2 area again to double dip and get those traders that margined on that run and test those lows on the chart. People forget....VERY FEW day traders actually make money. Most fall for these traps over and over again.
Been trading for over 30 years....Conspiracy theory? Possibly....
Friends, Please be careful. When we run the temptation to margin here will be big as it looks like an easy buy. Don't get caught if their is a fake out. (once back above $2) If you must trade, don't gamble your shares with margin here. The MM's play this game very well. You hurt everyone here and you will end up with less shares in the end. If you buy with cash, you may be down for moments, but you will have all your shares when It does make a true run. Give WAve a chance to get some legs again.
It looks like the margin sell off is almost finished. We will be able to tell after another day below $2.
Cash will be a great way to get shares down here. Unless you are a good trader and nimble. Margin will let them take your shares. Margin will let them take your shares. Margin will let them take your shares. Margin will.........
Well, you get the point.
AI
