Aware, Inc. - Hot or cold IPO? Message Board

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Technology Stocks : Aware, Inc. - Hot or cold IPO?

AWRE 2.200

+2.3%

Nov 26 3:50 PM EST

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To: satish kamat who wrote (2435)	1/21/1998 8:50:00 PM
From: Louis Cornell	Read Replies (1) of 9236

satish, Thanks for the info. Technicians should note that the stock gapped again today, except this time it paused to fill the opening gap - but found solid support at $14, and closed just under $15. Today's volume was higher than yesterday, and both days were record volume for the stock's trading history. Look at the chart with a 2 day candlestick, and you'll get a pretty good picture of the momentum coming out of this news. My experience has been that gaps of this size and on this kind of volume have a high confidence interval for significant further upward momentum over the near term (1 - 8 weeks). A recent example from which I profited was Catalytica (CTAL) last year - I bought after it had already doubled from $3.50 to $7, and proceeded to ride it to $14 in short order. Compare the volume and momentum, and you'll see what I mean. I am interested in any technical observations on this stock, and welcome bearish analysis as well. regards, Louis As I stated in an earlier post - $20 is achieveable, and that is conservative by my estimation.

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