Remedy Taking a hit why? Message Board

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Technology Stocks : Remedy Taking a hit why?

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To: ivan solotaroff who wrote (221)	4/19/1997 2:33:00 PM
From: Gary105	of 763

Ivan, Stochastics are very negative now - ie due for a bounce. Every time the stochastics have been this negative bounce has generally been 5 points, in some instances 10 or more. It would be foolish of me to try to call price action more precisely. One thing is for certain - rmdy is very volatile - so that counter moves will occur. Personally I am not investing in rmdy either way now - I think a counter move could wipe out a short position and I generally prefer more stability and lower p/e before going long. My most recent purchase (on Friday) was a boring stock called Radica Games (radaf) @ $3 and $3 1/16 trailing earnings of 0.19; possible earnings of 0.50+; book value of $1.5, no long term debt, heavy insider ownership and a lot of cash on the balance sheet. Gary

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