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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (27692)	8/23/2000 3:36:40 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68426

I think it may be a little bit closer than that for a new trend to start. I think all we really need is for the Mutual Fund managers to come back from summer vacation. We should start to see some action about the middle of September. Everyone know the Fed will not raise rates so close to the election unless there had is really forced and I don't see those kind of conditions. The next meeting is Oct 3. That is too close to the November elections to not appear to be trying to effect the result of the election. Their hands are basically tied. Everyone know this. The result is that we should have a stable interest rate back drop for the next 3 months. So what really needs to happen is for some one to start talking about how the earnings were not that bad last Q and that demand is still strong and visibility good even in a higher interest rate environment. We are seeing some of that with the semi BTB tonight. I just looked at the average daily volumes on PASW. Wow 23,000 shares! Your 3000 shares are 11 percent of the daily volume today. It must be interest to know you can move the market on this stock just on your buying power alone. <g> It looks like the company can't decide what they do. I will have to look at them more carefully on the weekend.

To: Return to Sender who wrote (27692)	8/23/2000 4:01:23 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68426

If you are looking for small cap stocks with the possibility of a good story emerging you might add WEDX to you watch list. I am no longer up on the fundamentals, so do your own research. It looks to be testing the lower support level. Too early to tell if it has found support, but technically oversold. This is one is not for the faint of heart. Chart on NAZ: 207.61.23.98 Recent upgrade. WEDX on the Nasdaq. WED in Toronto. Westaim Corp. [T.WED] +$0.05 to $15.25 CIBC World Markets analyst Anna Sorbo has maintained Westaim a "speculative strong buy." The 12-month target is $36. stockhouse.ca "The Westaim Corporation is a technology accelerator that launches exceptional technologies into the marketplace. Its technology investments include Westaim Biomedical Corp., which has developed an infection control technology for use in the treatment of wounds, iFire Technology Inc., which has developed a revolutionary low-cost flat panel display, and Savvion, a leader in e-business management software. Westaim's common shares are listed on Nasdaq under the symbol WEDX and on The Toronto Stock Exchange under the trading symbol WED" Last quarterly results: stockhouse.ca I have no position in this stock and it does not meet my own normal risk profile, but it has some interesting elements if you like thinly traded stocks.