A friend of mine, who does not post on the board, sent me this e-mail. I thought I would share it with you.
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After several weeks of falling stock price (I won't call it MM bashing - too easy), it has been an amazing day to watch the recovery of our beloved Wave.
This should be a lesson to everyone who trades this stock (that does not include me, btw).
The lesson is, believe in the stock or company, the basics, the potential. When the stock gets to an absurdly low price, for whatever reason, buy it if you still believe.
Once again I fall into the shoulda, woulda, coulda camp.
I suggested to a friend of mine, who recently invested in his first Wave shares, that I was going to put in some low ball, bottom fishing orders (I had in mind $1.50 or so) to see if I could pick up more shares.
I "shoulda" been more aggressive with my bottom fishing, cuz I "woulda" been better off for doing so, and "coulda" made out like a bandit.
Alas, nothing done. However, as I write this, we are hovering around +43% (up +78 cts on the day).
The stock, of course, was smashed back on the earnings report (down 1 penny) and probably MM manipulation, and it got too cheap. Plus the McAfee purchase by Intel was probably the catalyst, as you suggested in one of your posts. The point of all this is, who cares what is driving it up or down. Take advantage of the opportunity if you are a believer in the company. [A quick check just now shows me that the stock is up 48% (+86 cts)]. This should get a mention on one biz station or another, if not the newspapers and/or blogs.
So, my inaction on shares cost me an opportunity to make some money. On the other hand, +86 cts x X-# of shares = a pretty nice return for doing nothing. Don't mind me. I'm just ruminating. It's been fun to watch.
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