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Re: Pumps/WAVX

By: tkc in ALEA | Recommend this post (0)
Fri, 14 Oct 11 4:37 AM | 46 view(s)
Boardmark this board | The Trust Matrix 		Msg. 06030 of 54959
(This msg. is a reply to 06029 by Cactus Flower)
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Hi CF, as you well know I've not been hostage to the "collective" reality of the rah rah gang. Although I suspect they're right, my suspicion lies w/ mgmt's ability to succeed and/or share. Both are as yet unknown. Traders are present; WAVX is a pretty easy stock to trade. Also the very large (~10% of float) short position has significant influence on SP action. Shorts show no sign of giving up yet. Thus if the price surges on the BEWML announcement, it's a tradable event. We all know it. As we approach Q3 earnings/CC, w/ the usual SP appreciation, if one believes as I do, that it will not be a stunning report, that's a trading opportunity. I'm not much of a trader by nature, more of a Large Cap dividend paying, buy and hold type. WAVX is a different animal that entices me to take advantage of dips and surges. I have plenty of company trading 10% +/- holdings when opportunity presents. Thus the surge followed by the dip, or vice versa. But you know this. So, to the more important question: "Where are the traders and wandering tribes who appear when they have just heard a product is about to become the next big thing?" No big leak or hint of confirmation of the potential opportunity yet, which is confirmed by the continued large short position. But again, you know that as well. So why the rhetorical questions?


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The above is a reply to the following message:
Re: Pumps
By: Cactus Flower in ALEA
Fri, 14 Oct 11 2:52 AM 		Msg. 06029 of 54959

Do you sometimes think - hey one day, the bubble will burst and all the faux-reality will simply disappear. All that will be left is a bunch of toothy blokes leering at the idiots who believed their story. "Sorry, chum. The joke's on you."

To some extent, we lean on the collective reality and believe because others do so.

But are they sincere? And are they right? Are we right?

Where are the traders and wandering tribes who appear when they have just heard a product is about to become the next big thing?

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