Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 295.73

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2:11 PM EST

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To: Stock Watcher who wrote (13138)	8/6/1999 8:47:00 AM
From: DENNIS TULLY	Read Replies (2) of 52051

This was posted to the NVXE board: Some analysis from the Daily Stock Review: Daily Stock Review NEW VISUAL ENTER (OTC BB:NVXE) NVXE): The stock was unchanged and traded lightly yesterday and today, confirming a base at $0.20 closing at $0.24 on a volume of 44. 6 K shares. Shares traded in a 7-cent range testing key support and resistance levels in an established trading range between $0.20 and $0.27. The stock experienced a slight walk down resulting in minimal selling. Buys were triggered mostly at $0.23 putting a halt to any downside pressure when it became apparent that a shake down was relatively ineffective yesterday. It appears that NVXE shares are in strong hands with intentions of a considerably higher target of liquidation, even for short-term investors. Market maker's tested the strength to no avail and seem willing to let the stock run when accompanied by volume. Investor sentiment remains stable as more long-term support has gained control awaiting further development of the company's prospect for considerable growth. The last press release instilled enough confidence regarding their patented technology and marketing intentions to keep investors patient and to ultimately support the stock at current levels. An exciting press release as we expect this week could inevitably trigger additional buying by both investors waiting for further confirmation of company developments and some looking to add to their current positions. We believe the stock may test $0.50 if it can break the current resistance at $0.32 after the news press. Otherwise, the stock will consolidate at this level or a lower level for a while. There are many pending developments awaiting confirmation and NVXE has effectively peeked the interest of the immense potential of emerging Stereo 3d imaging technology. Both the NVXE's technology and the industry as a whole are still in its infancy with much promise for the future expansion. END

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