Marty,
RDRT's chart pattern looks similar to those of SEG, HTCH, & QNTM.
There was heavy selling on Friday with even more heavy buying
Monday for HTCH and QNTM. For RDRT and SEG, the volume was
less on Monday than on Friday.
I suspect RDRT has been falling because it doesn't have a working
GMR product - IBM appears to be the leader here. Remember how
APM fell because it didn't have MR regardless of its earnings
from the older technology?
I believe that HTCH and QNTM will continue to go up - HTCH because
of its new product (TSA), QNTM because of its clearly defined
strategy. For QNTM, the market pays a high premium for
network storage(refer to NTAP).
RDRT won't go up unless it is "supported" by the charts if SEG,
HTCH, & QNTM. Also, "support" from the box makers CPQ and DELL
would be nice too.
I'm waiting for confirmation (a drop followed by 1% higher close
on heavier day-to-day volume) of the bottoms before picking more
up. Also, I would wait for more GMR information before being
seriously invested.
--Ted The Technician |
