RealNetworks (NASDAQ:RNWK) Message Board

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Technology Stocks : RealNetworks (NASDAQ:RNWK)

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To: fut_trade who wrote (4753)	12/29/1999 5:37:00 PM
From: Tony Wang	Read Replies (1) of 5843

I understand the style of momentum trading. It is just not my bag, so to speak. Waiting for the market to go up or down 65 pts. to get confirmation just seem to me a low reward trade. The meat of the down trade is over with, in my estimation. To short the stock at 119, (when and if it gets there) will be trading for pidgeon shit. Unless, you think 2 closes below 120 on high volume will reduce further the market capitalization of RNWK of at least 50% more... I traded bond contracts for 15 years. Support and resistance don't always work. The falling knife market will kill any support level; the purple headed upside breakout will take out any resistance. We just don't know. If you do, maybe that's why you get paid the big bucks.

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