gucci1, interpretation of the information provided by the company is part of your knowledge and research. Everyone has a different interpretation on the same piece of information provided by the company. If you feel that information is false, you can short the stock, and vice versa. Either way, it is still your decision. If you don't feel comfortable with the CEO's credibility, you can either short the stock, or sell the stock and move on with your life. It's still your owned decision. Your gain could be my loss, or your loss could be my gain. That's the beauty of investing.
Where WAVX will be a month from now, or a year from now is still a question. Your ability to see into the future is either your success or your failure. And that is a different between one investor from another.
The key is, you can use the past as reference, but is is more important to predict where WAVX will go from here fundamentally and technically.
The best investor is the one that has the ability to predict the future of a certain stock based on the current fundamental, technical and general investors' psychology, not the past.
One more thing, there is really no "generally accepted rule" in the stock market. The rule change every second.