To: LastShadow who wrote (7444 ) 4/10/1998 10:36:00 AM From: Crossy Read Replies (2) | Respond to of 120523
Last, regarding PWAV, my TA sughests me that this one could be a strong upward mover in the short run. Next resistance points: $20, then $25, finally $35. If the stock moved past $25 it should bring us to $35 soon. Chart has nice "Wide Window" with a White-Bozu like candle yesterday. Reversal on minimal volume and breakout on almost 3x avg. daily turnover is also healthy. PWAV also fits into the Sequential Buy-Flip pattern described by Tom de Mark, which is often a safe sign of a final reversal. I planned to hold this one at least another month. Maybe SPCT might provide us some indirect clues as to which company is currently able to win the purchasing contracts right now. If SPCT loses revenue big-time (which could be the case), we know who is going to benefit: PWAV - at least in the shortterm (next 2 quarters). ANAD seems to finally turn the corner as well. This one could be interesting as well. Also want to raise Your attention to MPDI (another competitor). Stock retreated from its high of $9, after being upgraded by a brokerage firm, to 7.38 local low. This one benefits from a close relationship to LU and no Korean exposure. Thursday was a Dragonfly doji which could point to a reversal of the off-the-peak correction and the uptrend to resume. Another thing to watch closely might be RFMI. Like its chart but didn't do any fundamentals' check.. SQNT & TQNT could be fine plays months down the road. Charts are ok but not close to any breakout. Especially SQNT should have some nice FA goodies in its closet: they are the ones coupling Intel Industry-standard architecture CPUs together to achieve 256 and more CPUs in a single high-powered server via the ccNUMA architecture. Especially in highend database servers this design is able to compete with IBM & SUN at a FRACTION (!) of their cost. Since servers are the area in PC systems which should account for the highest growth rate (acc. to IDC) this looks like a sure FA environment to support the company. Also, Intel's SLOT-2 architecture will be out finally, thus increasing the Power of SQNT's offering at least 3 fold. Shortterm the Introduction of Slot-2 in July might negatively impact SQNT in the current quarter. The rest of the year should definitely compensate for that.. best wishes CROSSY