trustcousa, I am not an elder,
but on supply and demand for shares
there is potential supply in
1. Safend
2. a number of Warrants set to expire (Dec, Mar, Apr)
3. the ATM
and demand is essential driven by dollar sign news, of which there is none since BP, and BP was the smallest of Wave's 'large orders'.
That the BP event was apparently a first installment of 18k seats against a target deployment of 80k seats is not factored in as that is 'down the line'.
Finally, the trading has been odd. Large bid and ask will lock a penny apart at e.g. 1.74 for an hour, and rather than sellers taking the ask at 1.73, it appears they wait until the ask goes away, and then step in to sell their shares at say 1.70. Most downward activity has been short pulses when the ask is not there, which is what one would do if they were tying to get as little money as possible for their shares. Again, rather odd. That's just what it looks like (and if it was true it would be SP manipulation)
That said, I generally discourage couching thing in terms of manipulation and rely more on the supply and demand mentioned above.
I know, that was too much detail.
The above content is my opinion.
