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abvincent1

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abvincent1

Re: None

Tuesday, 01/13/2009 11:46:29 AM

Tuesday, January 13, 2009 11:46:29 AM

Post# of 23113
PWAV followed the pattern I indicated, Friday opened and closed at same price followed by yesterday's pattern of opening higher and closing lower...thus the sellers are in control.

However, the short interest is still very high. I think the sell off will be met with resistance on the down side near the .5545 mark but could dip to .50 range. The market is due for a turn and the Nasdaq is showing strength after the recent fire sale.

I am still holding but I am a bit timid now. What is every one else doing who is in this stock? I saw the same pattern in FIG and GNW before they eventually launched. However, the selling pressure in PWAV in terms of volume has been very weak.
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