Elroy, I watched BWEB all day today and at one point had a partial sell in @ 25-15/16, wanted to buy something else since I'm so poor...HA, they lowered the BID and I removed my sell order. Right after the CNBC announcement BWEB took OFF, now the news release was official at 4:10 PM but, If you had a Bloomberg machine you would see that it actually gave an alert ~ 3:43 PM meaning news was coming from BWEB, how they do it I don't know but, it happens... By then BWEB had already Jumped to 30-11/16 and was on it's way back down to 28+ but then momentum took over... a close look at the trading log will give you a better idea of what actually happened.
I would expect BWEB to come out of it's doldrums since the bollinger bands were tight and it was due for a breakout.
I'm Holding my BWEB because they have patented tek and Bill Gates said BUY DIGITAL and BWEB facillitates transmision/flow of Digital data... they actually remind me of RMBS' because they own their tek... If you read Steve Harmon, he Likes BWEB but, did not really detail why except to say it's "a bargain"...
BackWeb's Internet communications infrastructure software,
BackWeb Foundation, allows businesses to efficiently gather,
target and deliver sizable digital data of any format – audio,
video, software files, html, and others – to user desktops
across their extended enterprise. |
