AHWY -- AudioHighway.com Message Board

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Technology Stocks : AHWY -- AudioHighway.com

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To: Lynn who wrote (328)	4/13/1999 9:47:00 PM
From: Sanjay Varma	Read Replies (1) of 399

It has held up well lately? I don't agree with you. Volume has dried up at this price, which means investors are reluctant to buy or sell. Looking at the five day chart I see that the trading range is narrowing. If you plot a line connecting the peaks, and another connecting the valleys, you'll see that the lines converge tomorrow. This is commonly accepted as a technical indicator that the stock will make a strong move out of the narrow trading range. IMO the move will be down because this stock lacks some important positives like revenue or a business plan to generate revenue. Also, today AHWY closed near the bottom of the day's trading range. Does anyone have opinions as to how low AHWY will settle within a month's timeframe? -Sanjay

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