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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (385)	5/1/1999 4:22:00 PM
From: Robert Dirks	Read Replies (1) \| Respond to of 1690

Finally Got the STOCKHOUSE Insider piece: Infowave Software [IWM:VSE] -- Still Climbing Being a top trader yesterday got IWM mentioned in various business publications today and that helped it get off to a strong start this morning. The stock reached $4.50, its new all-time high, as investors continued to be excited over IWM's record sales in both the imaging and wireless divisions. The stock cooled off later in the day, but still traded 3.6 million shares and closed up $0.35 at $3.85 thanks to some very aggressive buying in the last half-hour which is very unusual for a Friday afternoon. We would normally suggest this pattern is indicative of investors buying on some leaked information or rumor, but the Insider Group has not heard much more than talk about a number of pending news items. Assuming there are no new material developments, we would hope to see the stock consolidate in the $3 to $4 range, and given the tremendous volumes that have gone through the last two days, the consolidation could already be complete. Trading early next week should quickly tell the tale.