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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: hx4 who wrote (10782)	1/5/2003 7:42:55 AM
From: Al Collard	Respond to of 11802

Hi Harry, Your in with IW-t @$ .32 for 31,250 shares. Chart for Infowave Software, Inc: stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Lh14,3]&pref=G From the chart of IW we can see the stock broke out atop it's 20EMA last week after basing around the $ .25 level for a couple of weeks. On Friday a black candlestick formed showing the bears were back but it probably was just a bout of profit taking after Thursday's big share price run-up. I would wait before going long on a test of the $.29 level to see if support holds or a clean break atop the resistance @$ .35. The chart indicators are saying buy, but waiting for a buy at support or buying on a break through resistance looks like a prudent move to me. JMO (Wait) Good luck with this pick, Al