Replies to post #203170 on Wave Systems Corp. (fka WAVXQ)

[ExPatriate57]

So if the run was based on a closed sale, then either someone at the customer must have bought a boatload of stock, or we had Wave insiders buying on inside information (Unlikely), or maybe there's still a huge network of IT intelligence firms out there that the SEC hasn't started to bust yet.

I know there are those on this board who think that runs of this magnitude can be attributed to someone at, say, BoA, telling their friends and family that they're buying this new fangled piece of software. I just don't think it happens like that. (for instance one of the companies I work with just bought 2 million dollars of Steelcase furniture but who really cares? I'm sure no one who reads this is going to buy a single share of Steelcase stock because I told you about that purchase)

I'm more inclined to believe that this is a combination of short covering (which we all knew the $3.60 level had some magic associated with it with regards to short interest), institutional buying for window dressing, and just continuation of current Wavx holders adding to existing positions.

IMHO, the buying that will occur with closing of individual deals is still to come.

But thats just this one mans humble opinion.