Looks like somebody was trying to juice the shares of NextWave Wireless (Nasdaq:WAVE).  Yesterday shares leapt $1.02, adding over $100 million in market cap. to the owner of wireless spectrum and packet video software technology.  Today it gave back about 60% of the move. There’s no news on EDGAR or Yahoo!, except for a tout of a so-called "Research Report" from SkyMark Research, which I’ve never heard of.  I put the term "Research Report" in quotes because I downloaded it and it consists of little more than a cut-and-paste job of the Company’s periodic SEC filings.

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Bottom line: this one smells like a pump-and-dump.  I have no idea if SkyMark Research or their affiliates is behind it, but I would steer clear.

DISCLOSURE:  No position.

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