I know that the AT&T Canada- Metronet deal announced today was the catalyst for the upwards movement in RCI.B today. I also know that there will most likely be further positive consolidation in the industry and this will be most beneficial for RCI.B. It is interesting to note that from a technical analysis point of view, the stock looks poised for much further upside. For those of you out there in cyberspace, you will be interested to know that the high on RCI.B in late 1993 was $24.85. The stock today closed at $25.35 on very heavy volume. This would constitute a clear breakout and the stock should move swiftly to the $28 level. |