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Technology Stocks : Stock Swap

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To: roller who wrote (16323)3/18/1999 11:34:00 PM
From: Trader X  Read Replies (1) of 17305
 
re: <<Where is WAVX going from here ?>>

I'm watching this one very carefully. I think it has a couple more points upside before a retrace to support. $17 is my target high.
Support is $13. Significant is the fact that the latest rally has been orderly and logical with good, if not exceptional volume. Also, there is no overhead supply, everyone is in the black, and there is no reason to sell--every reason to buy. A nasdaq relist coupled with a + $15 price will enable money managers to toss some coin in as well. I am more afraid of selling too soon than I am of selling too late. But every rally will be subject to retrace of some sort.

Trader-wavx
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