Replies to post #166264 on Wave Systems Corp. (fka WAVXQ)

[Snackman]

Ispro, I don't think you will see a PP any time soon. The 'real' close on Friday was $1.25/$1.26. You had a trade 11 seconds after the close at $1.20.

I feel good you will see a rebound this coming week.

You must remember that we have a lot of traders and momo players playing this stock for pennies. When the volume comes of 1/2 to 2 million shares a day, things will change.

I think what you see is a tremendous up swing from $.64 to $1.59. On swings like this it is normal for a 50% pull back.

The good thing is higher lows. Last Friday we closed at $1.16. Next Friday we will close above $1.30 hopefully. This is progress in the right way. I would rather have a slow upward move than a $2.00 move and a quick pull back. Slow and steady is good.

No, I do not think you will see another PP in the immediate future if ever again. We will have to wait and see about that.

[tkc]

Ispro, I had hoped your hunch that we'd had a PP at $1.20 was correct. It doesn't look good for a PP at that price now.