you can avoid the risks of purchasing and holding wave stock by waiting for evidence of wave making sales.
guessing that wave will finally turn a corner has been a costly speculation for those who have made it over the years. there hasn't been a year in which folks didn't think success was imminent. and meanwhile, over 15 years, the stock price reduced from a high of $600 (split-adjusted) to 75 cents. that's a 99.8% loss.
if you didn't bet on the story, you'd be better off than if you followed the advice you proffer.
so unfortunately, you don't get to start the clock at the moment immediately prior to a turnaround of the stock price. you only get to hope the market will engage once you make a totally speculative purchase and then you get to wait and see if your equity value declines while you wait. as it has consistently.
i don't bother with a ceo's confidence as a measure. they are paid to remain optimistic. you don't see many that think their product won't sell.
instead, i suggest folks invest in evidence of a turnaround. let wave show investors it has a decent business. guessing it does has a lousy track record.
sure some day someone might be right in making a guess about wave's future. but meanwhile, everyone has been wrong about wave's imminent glory. for decades.
9 months after the release of the latest product, there is no sign that the market wants it in material quantities. absence of revenue over an extending period is a kind of evidence every bit as much as the announcement of an order.
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