Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: jonpeetee who wrote (1199)	3/18/2001 1:38:11 PM
From: Al Collard	Read Replies (1) of 11802

Hi jpt, Your in with IW-t @$2.50 for 4,000 shares. Chart for Infowave Software, Inc.(IW-t): stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3] Looking at the chart for this stock and one wonders how low can get go in this current tech wreck market. The spinning top candle formed on Friday denotes neutrality with no real clear direction. All indicators are negative with the one saving grace being the stock is in oversold territory. In the absence of some positive news the only thing that will halt this downslide is a rebound in the tech sector. Then and only then, this stock should have a big bottom bounce with overhead resistance at the 50MA. JMHO Good luck with this pick next week, Al

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