PWR, page-9

PWR sellers look like a few straggling and impatient day traders, 431k traded, the chart now signals a handle has formed to what may be protracted rounded base ranging 8 to 10c untill FA dilution is clearer.
PWR looks to be keeping higher lows next week promising for PWR sentiment
likely to see a general market improvement as in US traded Tokio stocks today, July 4th shorts:


Tokyo stocks strong, techs lead gains
11:29, Friday, 5 July 2002

(Updates to mid-morning)

TOKYO, July 5 (Reuters) - Tokyo stocks were firm on Friday
due to a technical rebound in recently battered tech shares such
as NEC Corp <6701.T>, although they were below their highs by
midmorning.

NEC Corp <6701.T>, Japan's largest personal computer
supplier, rose 3.21 percent to 837 yen, helping push the
benchmark Nikkei average <.N225> up 202.85 points or 1.91 percent
to 10,835.66 as of 0115 GMT.

The capital-weighted TOPIX index <.TOPX> was up 1.03 percent
or 10.64 points at 1,043.95.

"Frankly I'm pretty surprised by today's strong showing,
considering the lack of market-moving news out there," said
Minoru Tada, senior managing director at World Nichiei
Securities.

"But tech shares have taken a real hammering lately and were
due for a rebound," he added.

In addition, some investors were probably scrambling to cover
short positions they took ahead of the U.S. July 4 celebrations
based on fears of fresh extremist attacks, traders said. Such fears proved to be unfounded.