Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

The inherent agony of the wave investor is the lack of making any cash in the face of trying to be ahead of the curve.

Here is how wave has fared against the S&P 500 since before 2000

http://tinyurl.com/k2nc9ak

If you go back just 1 year it's 74%

After all isn't this about making money?

I think too many wavoids have lost what the endgame of investing your cash in is, and have replaced that with loyalty to those who are supposedly the custodians of your investment, and a desire to prove those who don't see this investment in the same light as they do as wrong.

Now, one can argue that I just can't see it, I can't wrap my hands around what is going on just around the corner. I do know one thing, what plenty of the longs here have ignored, and that is capital preservation should always be the premium above all else.

There has been zero preservation of your invested capital. There have been smoke and mirror gains based on acquiring more shares at bargain prices because of the performance of the company, not because they were on sale because of profit taking by shareholders.


The last 8 years has shown me that staying out of this stock has been the very prudent thing to do given that there have been other more lucrative vehicles for which to make the money work, not languish. The rises in value for shareholders in this company have been very few and far between from which value for a long term investor can be validated. A run up from .32 to 3.00 does nothing but eliminate a portion of the losses suffered from the longs, and give them cheap gains on the shares the bought that a few years prior they never thought they would have. There has never been a sustained follow through by this equity in over a decade. The one real push wasn't sustained on the Intel news, I believe it was back in 04/05, and we all know why that crapped out.


If this stock can truly grab a foothold, there is plenty of time to get on board, even at prices far greater than what were previous highs. If they truly can grab the market share that makes wavoids sugarplum dream come true, 10,20 and 30 dollars would still be a cheap buy in. Especially given the time value of money those on the sidelines haven't lost.