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TinyPineTree

01/11/11 5:46 AM

#204653 RE: wavxmaster #204647

wavxmaster....I believe one big thing we have going for us now is the nature of the clientele that are accumulating the stock. IMO, this is a different kind of money moving in. It is not Joe Investor who steps up to the plate and orders several 50,000 to 80,000 share blocks all in a confined period of time. So the MMs are sort of in check with all this now IMO. If the big guns are coming in a little under the $5 radar, then I would assume they must see bigger things developing in the not too distant future. Someone would be doing some planning when deciding to purchase this size block of shares. I also could assume some of the action yesterday could be due to short covering, but then again the based has not diminished of late...but rather the opposite. IMO it looked just like a recent pattern of big money accumulation. Today will be interesting for sure. Thanks for all you do. It has been very helpful.
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Weby

01/11/11 6:41 AM

#204654 RE: wavxmaster #204647

Wavxmaster

For the last few years, I've tried to temper my expectations of rocket like pops. However, I think we got used to such small gains in the days of the stock being priced in the 50 cent and dollar range where 10% was 10 or twenty cents that it is hard to remember that 10% is now half a buck and 10% or even 20% jumps have been typical of bumps up for Wave.

Between normal buying pressure as more people understand the broad range of Wave's position in Trusted Computing, and short cover pressure HAVING to cut in at some point, I'd expect less backing and more filling than your typical stock pattern. The real point about $5 is there's almost no natural resistance points above it unless you go back to the bubble days.

I a couple of July 5's in December so maybe, I'm just being a bit optimistic. I've never played options before, although I got killed with Wave Leaps a few years ago. Never to old to either learn or repeat mistakes.