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


To: jonpeetee who wrote (10911)1/12/2003 10:59:15 AM
From: Al Collard  Respond to of 11802
 
Hi JPT,

Your in with IW-t @$ .33 for 30,303 shares.

Chart for Infowave Software, Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of IW we can see the Spinning Top candlestick from Friday's trading that shows the bulls lost control and a trend change is probable. If I owned the stock I would put in a stop loss around $.29 to see if support holds, just in case the stock continues down. If I wanted to buy I would wait to see if support does hold. My bet would be that support will fail. (Wait)

Good luck with this pick,
Al