1260: I don't think anyone's trying to scare anybody into doing anything.
There has already been too much scaring going on surrounding this stock.
What people are saying, seems to me, to be only common sense. No new contracts--the old ones either ending or shrinking.
Wave's desperate need for money means any sort of rally will be met by sales of shares to support operations.
Not hard to figure out. People who think Wave reached break-even on reduced revenue can't be serious.
People who think the lack of visible fund-raising is proof of Wave's fiscal well-being are kidding themselves into believing their most fervent hopes.
We've been through this many times before. Let's just imagine I am right about Q4, OK?
What then do the supporters do? If history holds to course, they will immediately pick another goal a little further off in the distance and ignore a dismal quarter the CEO said last August would be at or close to break-even.
That's the way it usually goes. Instead of holding mgt to account for the discreprancy, often they flame the critics.
This whole conversation about shorts is ridiculous. They are as much a part of the market as longs are.
Shorts just bet Wave will go down. They are not evil--they are simply trying to make money. Being long sure doesn't seem to work out.
It is hard to understand those who believe the CEO's forecasts when he has never been right about any of them. Or that some supporters trust those self-appointed due diligencers who also have never been right.
That sure looks and smells like denial of reality. The only thing lifting Wave shares will be revenue-bearing contracts.
Let's see who gets it right in March. My record is pretty good.
Personally, I'd go with the guy with a good batting avg.
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