EMR Microwave Technology (EMW.A) Message Board

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Gold/Mining/Energy : EMR Microwave Technology (EMW.A)

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To: ddl who wrote (237)	2/20/1999 9:16:00 AM
From: BAKE	Read Replies (1) of 397

A Move Upward on increasing volume!! Brokerage house # 29 (Pacific International Securities) bought 52000 shares at market price on Friday, and then 10000 more at the closing bell.Plus they still hold the bid. Could this be some institutional buying? I hope so.I have heard that 10k bids(1 notch above the next best bid) can often represent institutional buying. Technical Analysis.....for interest sake. I plotted EMW on a graph along with it's 20 day and 50 day moving averages.(Note... I am very very new at this). The stock reached a high in late Nov/98 of $0.45. It has then formed a nice consolidation pattern (isolateral triangle). Yesterday,it broke out above both its 20 and 50 day moving averages....on increased volume.If it can maintain these levels with higher volume over the next few days, then technical analysis would suggest a nice bullish run upward for the stock. We'll keep our fingers crossed. Hopefully a final anouncement will come out soon about Bateman and thier "significant Investment" that they will make in EMW. I am still hoping that Bateman will have to buy their Investment in the market,which will drive the stock price up for all of us. Good Luck to all. Gary.

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