Power-One (PWER) Message Board

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Technology Stocks : Power-One (PWER)

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To: Boplicity who wrote (107)	6/27/2000 6:04:00 PM
From: bobby beara	Read Replies (2) of 285

>>>turning you gain into a loss after the fed is done on Weds.<<<< i wouldn't take heart on a quiescent fed to help keep the power in pwer, it had a 9 day rsi of 93 yesterday, about as overbought as you can get, sometimes these things consolidate and make a higher high on lower mo, but sometimes they are just so overbought there is little time for distribution. Aol hit a similar overbought rsi on 4/6/99 and that was a coincident peak of momentum and price, i shorted that one the day of the top, don't ask me to find the post, but it's there somewhere -g-

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