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

To: 4-UR-Eyes-Only who wrote (1115)4/20/1998 9:59:00 PM
From: qcom  Read Replies (1) | Respond to of 1491
 
I agree with your analysis: first, that we're in for a few down days. Think of the people who bought two weeks ago @ 14. They will be cashing out soon if they haven't done so already.

Think too, about the last time PWAV popped through 20, there was some serious profit taking, more than a 50% retracement (below 15). I don't think we'll go back to 15, but maybe 17ish.

I still think that this is a winner long-term.


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