The Reasons Why I'm intrigued by RRL.
1. The fact that it has more than tripled in the last two weeks. At one fleeting moment it was up 560% from the close on 12/31/99.
2. The fact that the last fortnight's gain was preceded by a first (doubling and then some) wave in October 1999, which then retracted to 50% of the advance.
3. The fact that its volume has (roughly) exceeded 20 times the 200 day average and approached 9 times the 50 day average on three of the last 9 trading days and at worst was 1.5 X the 200 day average. At times the volume equaled 2/3's of the public float (prior to the two recent private placements).
4. The fact that Friday's close was strong in price (second highest close) on increasing volume (2x Thursdays and 160% of 50 day average).
Here's the recent price and volume data to support the foregoing.
Date-------Open----High----Low-----Close---Volume
12/30/1999 0.5000 0.5000 0.4700 0.4900 104,100
12/31/1999 0.5000 0.5100 0.5000 0.5000 32,700
01/04/2000 0.6800 1.0500 0.6500 1.0000 4,199,800
01/05/2000 1.1000 2.2500 1.0400 2.2000 4,765,500
01/06/2000 2.3400 2.8000 1.7000 1.7600 4,301,700
01/07/2000 1.6500 1.6900 1.3400 1.4000 1,741,100
01/10/2000 1.4000 1.9200 1.2000 1.6700 1,029,400
01/11/2000 1.6900 1.7400 1.5100 1.6800 387,900
01/12/2000 1.6500 1.7500 1.5500 1.5600 423,200
01/13/2000 1.6000 1.6700 1.3300 1.5300 420,200
01/14/2000 1.5000 1.8400 1.4100 1.7800 818,600
Average Price = 0.6713 (50-day) 0.3419 (200-day)
Average Volume = 556,500 (50-day) 224,900 (200-day)
5. The fact that IR keeps calling and hasn't been inaccurate yet.
6. The fact that RRL may have something valuable in Seigesoft. I have visited the site. It exists. It apparently works. Its product may become a necessity or desirable component.
7. But the number one fact why I'm so intrigued by RRL is that all of that has happened despite the absolute and utter lack of interest in the stock on this thread. |
