Replies to post #244998 on Wave Systems Corp. (fka WAVXQ)

[bar1080]

I posted this elsewhere but it applies to WAVX

"Are you familiar with the "Fallacy of Sunk Costs" which gets a lot of investors into trouble? One female basher on IHUB talks about it in her IHUB bio which you may have seen. It helps explain why some people "marry a stock" and average down even when the company repeatedly disappoints. The stock that guy killed himself over had three reverse splits over 15 years.

"This term is from the oil industry where the decision
to abandon or operate an oil well is made on the basis of
its expected cash flows and not on how much money was
spent in drilling it."

http://www.lifehack.org/articles/communication/how-the-sunk-cost-fallacy-makes-you-act-stupid.html "