relative to William O'Niel's graphing methodology, RSYS has more strength on the upside given the trend today. With the Down being down as much as it was, RSYS barely moved on lower than average volume. O'Niel calls this a "consolidation phase". Once this phase ends, then, more buying. It could trend slightly lower at this stage as long as volume remains light on any downturn.
(rumor) A friend, who is very close to RSYS, is shouting in the telephone that RSYS is "headed to the 50s!" He also states that RSYS Board of Directors is going to request that the SEC investigate short trading patterns of RSYS. An announcement like this, if made, would cause some shorts to cover. It may add a couple dollars to the share price, at least temporarily. But, the real story is the increasing revenue going forward from RSYS new designs. They are creating from 4 to 6 new design wins per month. A "design win" is termed a win that generates at least $500K in revenue each year. Many of the new wins are based on PCi.
Burt, are you still holding RSYS? If so, what are your thoughts on this rumor? |
