Wave Systems Corp. (fka WAVXQ)

[Sniperman]

Kiwi In the normal course of events you would be right. However, when the original buy recommendation was given, the target price was, I believe $1.25. So, we have reached and even exceeded the original target. So, of course, what they are now saying is "don't buy, cos the stock has reached and exceeded the price we said it would". So they now say hold. If they still said buy, they would have to give a target price somewhat higher than the present one. What hold means, (as opposed to sell or buy) is that they expect the price to remain in its current zone, give or take, neither up nor down.

I'm happy with that