Wave Systems Corp. (fka WAVXQ)

[SPIN]

Webster - Institutions own 4%

http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=US%3aWAVX

is the Cramer of Cramer Rosenthal Mcglynn, Jim Cramer of TheStreet.com, CNBC, etc?

if so, i'd say that's a strong endorsement for down the road. he once called WavePhore, "fraud-u-net."

but overall, as of the last reporting, net Inst. Ownership decreased by almost 46,000 shares - AND- collectively, the top 10 Inst. holders trimmed their positions (a few did add).

i do agree though that wavx seems to be under stealth accumulation, but overall is in a distribution mode.

given the formerly shaky credibility of mgmt, if "the street has ignored the Intel announcement as more Wavx padding" as you wrote, i think wavx would be back below a buck.

it's > triple where it was prior to the announcement.

Wave is *worth* $150mil based on that PR alone IMO.

what if they IPO WaveSexpress w/in the year?!?

then again, what if Dean takes 1600 Penn.?

who knows, but i think yer $1/month avg. model makes some sense. but today's broader market jump & fall suggests selling pressure across tech issues IMO.

best,

SPIN