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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: Trippi who wrote (8876)5/17/1999 12:12:00 PM
From: Stock Watcher  Respond to of 52051
 
Trippi; always good to hear from you; appreciate update on WAVX (earnings announced today).

Looks like 'sell on the good earnings news' phenomenon; every time this stock dips below $20, it springs right back to $22...looking for a breakout within the next 2 weeks; solid support at $18...resistance...still undetermined (maybe $26); agreed: buying opportunity.

EDIG; solid support at $1.75...resistance at $3; firming up nicely at $2.15; getting ready for next leg up; agreed: should be over $3 within the next 2 weeks (IMO)...volume continues to be extremely strong...over 1M shares per day...regards, sw