Replies to post #243048 on Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

Consider that they were a hanger on of the first tech bubble. Now consider what companies that emerged in this new technological era in all aspects from social to commerce that many here missed because of the tunnel vision and the constant reinforcement of what was going to happen when the rocket fuel came to burn the shorts. It is as if there was never any realization that numbers matter, it was as if they were just going to appear. I almost had to laugh when I saw a post talking down the revenue number with the new employee count to 1.8M or something like that. With logic like that why not just cut back to three employees and make it 250K?

[bar1080]

Nicely put: "It's almost like folks think that because they took a risk they were due the reward."

In the 90s the widespread notion that "High risk equals high reward" destroyed plenty of tech bubble newbies. I'd point out that the world's most successful investor, Warren Buffett, made $70 billion thru sensible investments in mostly dividend paying blue chip firms that anyone could have owned... Wells Fargo, Goldman, American Express and several staid insurance firms.

Wave is a perfect example of a stock Buffett would never have bought. For one thing, he consistently shuns arcane tech like Wave.

[mymoneybgone]

Alea, it's as if the risk was eliminated once the posters who posed questions that could not be answered, or the correct answers were ones that weren't popular were removed from the discussion.

At the very essence, the very core the questions that were being posed were the ones that went right to root of the problem.

With this company there were no roots of trust. It was roots of rot.

Pseudo one sided due diligence passed muster because..well it fit the fable. This is a crappy ending for a lot of folks.