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Technology Stocks : BackWeb Technologies Ltd (BWEB)

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To: Bald Man from Mars who wrote (263)7/13/1999 6:41:00 PM
From: Secret_Agent_Man  Read Replies (2) of 584
 
as for how far...well, the float is only 5.5 and 2.78 traded today...as far as over extended... that is always a posibility but, I really think BWEB can get to the 40's with some profit taking along the way... today we had something we've not had and that is a host of shorts that entered today too bad for them...BWEB has superb technology and reminds me alot like rambus...cant be duplicated due to patent issues and everyone neds it...hard pill for a short to swallow this early in the game...they will be handed their heads in short order If I am correct.

I expect we'll touch 36-1/2 again in short order and if we cant break thru that will be a short term "double top" and will need to wait for pullback.. however over the long haul..BWEB is not a flash in the pan...
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