Wave Systems Corp. (fka WAVXQ)

[rwk]

CT_Yankee, there

are at least two factors at play here.

Firstly, the Euoprean fiscal crisis has increased the correlation amongst shares and so if the broad market goes down, the chances have never been greater that any individual share will also go down. See the following:

http://www.theglobeandmail.com/globe-investor/personal-finance/preet-banerjee/not-all-the-arrows-are-pointing-down/article2167649/print/

Pretty much every stock index is down on a year-to-date basis, but additionally the correlations of stocks within indices are also on the rise. The correlation of the top 250 stocks in the S&P 500 is 81 per cent. It was 88 per cent on Black Monday, Oct. 19, 1987. And the long-term average is about 30 per cent.

The second factor is the mythical European contract which is long over due. SKS had discussed it 2 weeks ago, indicating that is should arrive any day. The lack of delivery suggesting another delay is not good for the share price.