GWRX Leader in Smart Phone Market Message Board

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Technology Stocks : GWRX Leader in Smart Phone Market

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To: WYD who wrote (823)	11/14/1999 5:08:00 PM
From: Ryno	Read Replies (1) of 960

I have not been lurking around this thread very long, but learned of GWRX from a mention on the WIND thread (along with MWAR and SPYG). I am looking to invest into a small cap wireless telcom / application software with high growth potential. Below I present the results of my cursory DD on this stock and would like feedback from any of you who have a better handle on the potential and behavior of this stock. 1) It looks like GWRX has received good institutional interest and some actual purchases (http://www.thomsoninvest.net/iwatch/cgi-bin/iw_page). (I think the link shows info for the previous trading day ? Friday). 2) The price chart for GWRX over the past year looks difficult to interpret from a TA perspective. I see the stock broke resistance at about $3.75/sh a couple weeks ago and may have support around 4.00. However, with the quick run up over this period, I have some doubt that an entry point of $4 is possible, especially since it looks like institutions have gotten in at about 6 and some change. I do not want to get caught up in a stock that is being heavily traded by day traders, but do want a stock with high growth potential over the next 6 months to 3 years. I am interested in hearing from those on this thread on what they feel is the upside potential. Also, does anyone know if the recent price increase has anything to do with day trader activity? When does GWRX report their third quarters earnings? ryno

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