Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (7663)	1/23/2001 9:40:16 PM
From: Jibacoa	Read Replies (1) of 13094

JIM: RRRR: Most of the heavier volume around 1.15 and 3.15PM today was on the up-side.It did weaken some near the end, but there seems to be good support at 2 15/16. It finished the day up 3.06% on volume of 742,700. I am looking for it to close above the Jan.17 H of 3 5/8.That would also take care of the double top on Dec12 & 13 at 3 5/16. I look at the next resistance then at the 4 1/4 to 5 3/8 before it could try for the triple-top on the first week in November in the 6 1/2 to 6 5/8 area. Even though the net loss increased 59% to $101.3 million for the last 9 months in spite of an increase in revenues to $80.9 million (from $19.1)it is still selling below book and reportedly have $2.72 cash/share. The insiders hold 63% and institutions 41% (112% of float) and have reportedly being buying more lately. I have added to my position and have an optimistic target for it this year of 21. As you recall last year's March H was 94 3/4. (I sold most of my position last year quite too early)<g> RAGL Bernard

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