Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

The only support at these levels will be those chasing the price down trying to flip for a quick few pennies. There still has to be a ton of shares still being held from the last few placements. i don't buy those were the only shares being moved..there were still some institutional holdings who probably had enough. Now we have some selling due to where the price is for some of these. This is going to be a Niagra Falls type drop going forward until the true bottom in the low single digits is hit.

Probably lots of volume at beginning and end of sessions going forward.

I still don't get why anybody is seeing a double digit (.00) buyout price. The products are not proven. They do not have a market share that can even be measured. That screams pennies at best. You have a company that is in a free fall and is at the most vulnerable that I have seen since I have been around since 2000. There is no reason for a company to move in because of the above factors. They can wait and garbage pick off the curb when its over.

The longs are going to be eviscerated.