Snack, the risk has disappeared?!?
c'mon man, you cannot be serious. wavx has had a nice couple of sessions & that somehow equates w/a clean bill of health vis a vis SEC?!?
while the results of Dudash's wavx play are not spectacular, IMO his trade was the smart move. in fact, this rally offers a good oppty to take some cash off the table IMO. capital preservation lets you live to fight another day, whereas riding a stock down 30, 40, 75 or even 90% is not "investing." (IMO)
won't even consider owning wavx again unless & until the SEC gives its official & public imprimatur (but i wouldn't even buy that news b/c it'll rally & correct, though might be good for a day trade). don't care if i miss some of a V bottom profit b/c the uncertainty remains that Wave makes headlines again in a way you wouldn't enjoy much.
also, it is a double standard to presume that something purportedly favorable to a long theory is true, while everything else must first be proven.
i'm skeptical of the SKS e-mail b/c i simply cannot "beleive" that he would be fielding e-mails from individuals while facing SEC scrutiny. Moreover, this all started as an informal non-public inquiry & the Commission apparently "beleived" sufficient facts existed to commence a formal investigation... yet w/a 25% rally you post that the risk is gone?
but then again, i "just don't matter" as i've questioned the validity of the e-mail... does Wave have lawyers advising SKS? we've heard zed from the company since the SEC announcement & this is the first response? no offense putterboy, it may very well be "real" but if it is, it raises some serious (new) questions about mgmt's judgment IMO.
AND, while you may not like it, HhH makes some extremely valid points in his screed. one question that must be raised in the face of this is why wasn't Feeney compelled to repay the "loan" w/the proceeds of his 150K option dump near the intra-day highs? if anything, maybe this e-mail is a hint that jerry's days are numbered & the investigation is focused on his actions? i dunno, but it smells like it IMO.
enjoy the rally, but consider trimming positions if yer employing short-term money you can't afford to lose... JMO
regards & good luck!
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