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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.115+0.2%Nov 21 9:30 AM EST

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To: satish kamat who wrote (2616)2/2/1998 7:08:00 PM
From: Norman Klein  Read Replies (4) of 9236
 
I don't think that TA has much relevence to AWRE

Don't get me wrong, I am a firm believer in TA and believe that it is an extremely useful tool for predicting stock movement (in the absense of major news) and that is the kicker. Aware is permanently stuck between 9 1/2 and 11 until it shows earnings. The only time that it moves is on major news and then it quickly settles back again into its familiar pattern. So I also see it settling back into the lower 10's again.

I do use Japanese Candlesticks to try and chart Aware's movement between 9 1/2 and 11 (I try to grab the 3/4 to 1 point, when it is available) and believe that it works rather well.
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