WTT-Wireless Telecom. Message Board

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Technology Stocks : WTT-Wireless Telecom.

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To: Arthur Marigold who wrote (2386)	1/18/2000 8:47:00 PM
From: Edward Boghosian	of 2426

Presumably, nothing is happening. But you are right. Volume of this type does not happen. I went back to my old copy of Edwards & Magee and if you look at a chart, it shows a typical triangle breakout pattern to the upside. Unless we are being setup with a big fix, something is happening and it seems to be positive. This type of price movement and volume does not happen out of the blue. If anyone out there is up on the technicals, check me out. Does WTT still have that $20,000,000-was it that much-that it got from sale of part of the business? If WTT would dissolve what would be the share value to stockholders? Is someone interested for the cash? Notice, I'm asking a lot of questions. Just goes to show you how much in the dark I am. My gut feeling is to watch this thing very carefully but not to jump ship yet. There does seem to be some resistance at the 6-8 range. I really don't know where this thing is going. But we must be careful because I still think this thing can fall on its face and go out of business. What we are seeing now could be a "blowoff".

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