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Fullmoon

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Fullmoon

Re: None

Monday, 03/01/2010 1:44:36 PM

Monday, March 01, 2010 1:44:36 PM

Post# of 249195
Wave Systems (WAVX) rallied by 93 cents

http://www.thestreet.com/_yahoo/story/10692078/1/wave-systems-usec-midday-volume-plays.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA


or 24.5%, to $4.73 in the absence of any company-specific news. Investors posting on Internet message boards argued that Wave Systems was trading here on sheer momentum a week before reporting fourth-quarter results. Bearish traders added that the breakout is overextended, and that the parabolic movement in the stock means that a selloff is imminent. Volume topped 2.22 million shares, compared to the 50-day average daily volume of 517,000.

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