To: Jorj X Mckie who wrote (20816 ) 3/1/2000 9:30:00 AM From: John Pitera Respond to of 63513
here's a Mo-mo stock selling for a 1.60 in the wireless area---- Check out the chart Wireless Data Solutions Climbs into Record Territory by Blair G. Jeffery Shares of Wireless Data Solutions {WDSO} appeared in the 1:23 p.m. ProSearch run of Stocks Breaking Out To New 52-Week Highs after the stock gained 13/32 of a point to 1-11/32 on a 298 percent increase in average trading volume. Today's move sends WDSO to a new record high after backing off its previous record high set yesterday. WDSO's 12-month chart with Wilder RSI Indicator, 30-day moving average Despite the heavy momentum, investors should tread lightly on this stock as it is currently overbought on a technical basis and could see profit-taking in the future. The stock trades a Wilder RSI reading of 79 - only slightly higher than the 70 overbought reading. The stock is also trading significantly higher than its 50 and 200 day moving average lines with a 174 and 439 percent divergence, respectively. Wireless Data Solutions has produced a 1136 percent increase over the last twelve months and a 183 percent gain in the last twelve weeks, so profit-taking would be expected at this level. Wireless Data Solutions, through its Dinet subsidiary, develops and markets digital wireless communications equipment for mobile fleet management in the United States and foreign countries . For the three months ended 12/31/99, total revenues totaled $488,000, up from $213,000. Net income totaled $47,000 vs. a loss of $170,000. The October 30 balance sheet shows cash and cash equivalents of $209,000 with a nominal level of long-term debt. Shares outstanding total 10.9 million with a float of 3.2 million.