Hi tkc,
Here's what you do.
1. Don't believe people who seem to know things they ought not to know. Usually they appear to be puffed up with pride and confidence but my experience is they are actually full of shit.
2. Trust your own instincts. Use public information to derive your judgements. Don't let Wave investors sway your opinion one iota. The more confident they are, the wronger they have been.
3. Watch the demand side rather than the supply side. Wave has a theory of how things may develop. Give them credit for this. But customers pay cash.
4. Technology tells you nothing about timing. At this point, you can pretty much ignore it as a key variable. I assume it works. But who cares. Are people buying it? That is the question. Investing time in dots is a decade long waste of time.
5. Don't buy more Wave shares than you would any other stock. It's just another company.
6. Watch for new, tech-savvy posters. If they appear, Wave is making friends.
Does that help?
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