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Chowder

02/25/11 7:58 PM

#207151 RE: JKIRK57 #207150

JK57, I don't think a PIPE is coming shortly or ever again, though I have been wrong many times. Wave has revenues that have been increasing substantially for many quarters, and while they may not post a positive eps next CC the cash flow is rising nicely.

The short interest is another story...I would like to say it is nothing more than someone betting on another horse in the race, that the short side adds liquidity to the market, etc etc. I do think the SP has been maneuvered in the past. However, in this circumstance, I think it is nothing more than those betting against the overall market given the incredible goings on overseas.
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kkapush

02/25/11 9:10 PM

#207157 RE: JKIRK57 #207150

Sounds to me like a hidden jab at WAVX. There is a such thing as a short squeeze. Just because they increase their position doesn't mean they are correct.
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waverider

02/26/11 10:26 AM

#207162 RE: JKIRK57 #207150

here we go with the PIPE talk again ;/ didn't have enough time to cover last week.