Wave Systems Corp. (fka WAVXQ)

[SPIN]

Ayock you may be right as well...

but wavx is clinging to the bottom of a fairly wide downtrending bollie band & appears to be on the cusp of convincingly slicing through the $1.02 low from April 1st (which it also closed at yesterday), and it set a new intraday low for 2004 when went into the pennies today.

Yeah Vader, there is the hammer action of today's trading, but the T/A tea leaves are widely sibject to interpretation (ask Dudash, who just bought around $1.10 b/c he was convinced it was the bottom (& fwiw, he is waaaayyyyy more astute w/T/A than I'll ever haup to be!).

Some (maybe most?) T/A "scholars" believe that the T/A foretells the F/A. i tend to think T/A is helpful, but in no way the endpoint of the analysis. in fact, it is only one point on the curve to consider IMO.

http://stockcharts.com/def/servlet/SC.web?c=WAVX,uu[w,a]daclyiay[dd][pb15!d15,2!f][vc60][iut!Lh15,3!...

as to Vader's point re: "pricing in the $25M" -- maybe that's true, but it's too unpredictable right now IMO, primarily b/c of the really meager volume in recent months & who knows what having Wave on the Ask w/regularity will do to the stock? MMs can certainly play games when they *know* there is a seller that *needs* to liquidate a position.

there is also the heeeyooog unknown re: the Berlin listing. Small & microcaps have been getting crushed & i'm in the camp that believes that counterfeit shares are being sold via "naked" shorting & that, IMO, has the potential to completely invalidate ANY T/A.

don't wish *any* individual shareholders here any ill will (contrary to what some may believe), just (firmly) believe that most here have not been realistic about the environment the stock trades in, or the many obvious reasons for lower prices in the future.

one of you recently responded to me about being a "trader" & yes, i do trade (sometimes actively), but the term doesn't really define my approach or investment philosophy -- in fact, i'd prefer to be a "buy & hold" guy when i find what i believe is a great opportunity.

i will not even consider owning wavx until the SEC matter is concluded & class actions resolved. too much risk of a trading halt & enormo gap down IMO. SO, no, i am not "reloaded" on wavx right now & may never be.

IMO the *only* thing that will pull wavx out of the cellar is a blow-out upside surprise Q results.

will it ever hauppen? who knows, but i have *never* ruled out the possibility. i just think it's terribly unlikely & believe if Wave does survive, they will be a niche player & never achieve the world dominance that many dreamed of years ago described in one word: UBIQUITY.

i think that dream is over.

also, as you may have noted, my wavx posting frequency is down considerably & i typically have reserved my comments for AH more often than not in order to eliminate the arrow from certain wavoids' quivers that i am in any way attempting to influence the price (which never was true fwiw).

also not gonna rub salt in the wounds, esp. to Zen, but my last sell calls on wavx in the Spring were by far the most right that anyone has been on this board regarding this stock in a very, ahem, "long" time

i tried to help some people to get back some of their money & recover some losses. i haup D&O wasn't the only one who was a beneficiary from that narrow window.

good luck wavoids -- if you simply must own more shares, look for an entry in the $.80 range.

there might be another short-term pop over the next month or SO. if i were inclined to trade this, i'd wait until the RSI got down around 20 & the slow stochs are below 10. i think there will be a sharp high volume down spike in the next few weeks that might even break $.80 intraday.

& btw, if i were to ever consider owning wavx again, you could put me in the revenoid camp. the techno sugar plum fairies have never been all that persuasive to me & have been proven wrong far too many times over the years to garner much credibility IMO.

no matter how it all plays out, it'll definitely be spinteresting, as wavx always has been!

anyway, good luck!