The Dead Cat Bounce Theory Message Board

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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: SE who wrote (126)	3/23/1997 11:02:00 PM
From: p. webster	of 1836

RE: GWRX This one is more difficult, all around. Software company whose momentum again broke last summer, 50 Day MA down since then. Float = 8.2M of 14M; 4.4M traded on Fri. Book = 2.73 Co. has no debt, tho. This is not a profitable company, and doesn't expect to be until 1998. Since it's not profitable, it's harder to establish a fair value. Friday's action showed nice recovery after open, constantly trending up throughout the day. Here's Ray's Resistance points: techstocks.com Take his resistance points seriously. Set sells a spread below. Good luck. P. Webster

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