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Technology Stocks : PWAV- the hot new IPO

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To: Mike Winn who wrote (872)2/15/1998 6:59:00 PM
From: JRobinson   of 1491
 
>>To: Craig Rogers (870 )
From: Mike Winn
Saturday, Feb 14 1998 4:11PM EST
Reply # of 882

Hey Craig,

I am in both. Look at the following charts.

In this chart, PWAV looks better:
exchange2000.com.

In these charts, SYNT looks better:
exchange2000.com.
exchange2000.com.

So the answer is who knows, you just need to diversify your portfolio and be patient.
<<

I like PWAV as much as the next guy but although PWAV has just broken the downtrend line it is still way below the 200 day MA. Although it appears to have bottomed, it is still a busted chart...it just looks a hell of a lot better than a few weeks ago. PWAV still has a tremendous amount of overhead resistance to chew through.

SYNT, on the other hand has no overhead ( buyers at a higher price waiting to get out at break even after the stock "recovers"). It is in " Blue Sky" mode. However it is very extended from it's base and I wouldn't even consider buying here until it has consolidated. Congrats to those who were in much earlier.
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