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Technology Stocks : PWAV- the hot new IPO -- Ignore unavailable to you. Want to Upgrade?

To: Zhaohui Chen who wrote (798)	2/6/1998 9:21:00 AM
From: Craig Rogers	Read Replies (1) \| Respond to of 1491

PWAV is getting spanked today big time, from QCOM fall out. Craig

To: Zhaohui Chen who wrote (798)	2/8/1998 3:15:00 PM
From: Ron Kline	Respond to of 1491

I would not call PWAV going through a cup and handle formation. For one thing, cups need time to develop properly and for accumulation to take place, minimum of 2 months. Secondly you can see that on Friday you had large volume on a down day which usually doesn't happen in the handle area. I would be very suspect of reading that this is a good time to buy PWAV. Of course we will see what happens and I don't pretend to say I know what will happen to the stock. I'm only giving info on how I interpret chart formations. Ron