Replies to post #3744 on Wave Systems Corp. (fka WAVXQ)

[Zeev Hed]

bb, one good reason why all of us investors should pressure the SEC and Congress to level the playing field between the "houses", that know at anytime exactly what is the short position in a stock (and few other cardinal facts) and us simpleton investors that like mushrooms are kept in the dark and fed BS, for more than six weeks on issues such as short interest, and insider trading. There is no technical reason this information should no be available daily and the SEC will go a long way in enhancing the public trust in the market by removing these inequalities.

Sorry for the rant, an old beef of mine from the old days of the floorless bandits battles...

[Bluefang]

bbigtim: One could also argue if we really believed that Wave is at the threshhold of greatness and entering the marketplace in a big way, we would allow the shorts to borrow as many of our shares as they can carry. Then, when the expected announcements come in, covering by the shorts will push us up even more rapidly.

Good to see you here--Bluefang

[go-kitesurf]

bigtim, re; shorting

We already have one report of WAVX shares moved to a margin account and another of a shareholder who was offered incentives to pledge his shares for shorting. I think we will find that this is just the tip of the iceberg.

Since Wave trades below $5 it is unshortable by a vast majority of brokerages. In addition, even above $5, it has to close the prior day ABOVE $5 to be shortable, which it has not. Therefore, the brokerages calling around for shares are going around the rule, imo, and finding shares under contract to be offered. I don't think there's been as much shorting as will come once WAVX breaks $5 on a closing basis.