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Microcap & Penny Stocks : USWE - US Wireless Data (formerly USWDA)
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To: rev who wrote (84)9/26/1997 3:23:00 PM
From: Rob S.   of 370
 
USWDA can be expected to be fairly volotile until it gets NASDAQ listed and some institutions put it on their scoreboards. My guess is that we won't see 5 or even 5.25 but may see 5 1/2. Dispite the colling off of volume their has been little selling pressure today - that's a good sign that many investors are sitting on it in anticipation that a series of good news is going to come out over the next several weeks.

I understand that the IR firm handling USWDA has a major IR program scheduled in NY for another firm in about two weeks. That will keep them tied up until then and prevent them from putting much effort in getting the word out on USWDA. So maybe the stock price will drift lower toward your target range. That would be a good time to pick it up. When some additional news comes out, from what I can judge it is likely to be after the IR firm has finished with their road tour with the other firm. Then they should have something to bang the gong about.

You are probably smart to have sold around 6 1/2. However, if you wait for 5-5.25 you may have missed the boat. I'd suggest averaging down from the recent highs at this point if the price pulls back. Even in here will look like a very good price in three to six months.
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