You guys certainly have patience and enthusiasm for this company.
I sold my position finally, and came out about even. I've been holding for years. The cyberworld changes in a nanosecond, and if Wave is going to be a major player in a super-competitive cut-throat business then they need to do more to communicate with investors and enhance shareholder value. I may re-invest, but I just see fog on the horizon at the moment. Of course, since I just sold, The Devil will likely make the stock go supersonic, as is often the case. Everytime this stock spikes sharply on volume, it always crashes back. There are players that obviously "work" this stock and get all excited when it moves in a major way on volume and bet on the reversal of the crowd, just about like clockwork. I am fairly amazed that it has stayed in the trading range that it has, considering it was below $1.00 for awhile. That at least says a lot in this hostile market for micro-caps.
I do a lot of digging into what I think is an interesting company, and my current exciting fave is NetB@nk (NTBK). They are racking up over 120 new online accounts per day and are somewhat undiscovered
by the masses. They pay among the highest interest rates in the banking biz. I first learned of them when I was looking for a convienant Internet bank that paid high interest. Now they have my mortgage biz and more. I couldn't be happier with a company. I pay virtually all of my bills online. If they can't electronically send a payment, to say...a utility company, they will mail them the check at their expense. All this service and super high interest on money market accounts and checking, and great low mortgage terms. They currently have only 15 employees because most of the work is automated
(robots doing the work) although they control huge amounts of money. And, yes, it is FDIC insured. Take a look at netbank.com
...Sorry to ramble on...just thought I'd share my enthusiasm and thoughts on what I think is hot in the CyberWorld.
~~ Eric |
