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Technology Stocks : PWAV- the hot new IPO
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To: ram yariv who wrote (1179)6/12/1998 8:03:00 AM
From: Rich Powers   of 1491
 
Ram, I know nothing about charting. The last two dips have stopped at 17 and 18 in that order. The next dip after those two is in fact at thirteen. So it closed yesterday at 15 and 7/8; ergo, a buyer should wait to see if it tests the thirteen level before taking a position? If it holds at sixteen for three trading days in this environment, would that be sufficient to conclude that it had made a bottom at this level, and will likely not retest the thirteen level? Thanks for your help.

Regards,

Rich
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