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Technology Stocks : PWAV- the hot new IPO

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To: Tim Oliver who wrote (988)3/11/1998 4:21:00 PM
From: Medisco  Read Replies (1) of 1491
 
I have been watching the trades of PWAV very closely for the last week, I have noticed that yesterday there have been many shares sold at $13 3/4 specially at the end of the day. However, the stock did hold its bid at $13 3/4, Today I noticed the same scenario many sales but the stock hold the 13 3/4, but than BOOOOOMMMMM the stock took off. Another, interesting note is that the trade today dried out in the last two hours and the stock did not drop below $14 7/16 as usual.

I think that someone was accumulating the stock at $13 3/4-7/8, in anticipation of a good news, therefor, watch for a news tonight or tomorrow.
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