Hi awk,
I think internet got it all wrong. Thus far, it has been a fine day today. The price remains in positive territory. Steven did a good interview. He was hardly challenged by the interviewers. More people know about Wave.
Intraday price fluctuations mean very little, but it is pretty hard to sustain an uptrend absent fundamental news. If people shorted/traded out at $5 and above, I guess we know there's a hill to climb at that price. That's about it. The price Wave's shares are traded at in 6 months are - I would guess - absolutely unaffected. If in the end Wave isn't a $5 stock today, so what. Short shares are potential energy for the time a higher price is justified by Wave's revenue.
In the end, uncertainties and discounted future cash flows determine price. People who research the company and its prospects help clarify these things.
