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Technology Stocks : Power-One (PWER)
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To: bobby beara who wrote (109)6/27/2000 8:53:00 PM
From: Boplicity  Read Replies (1) of 285
 
re: 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-

I wouldn't be using AOL as example at all. PWER is not even close to as widely known as AOL was, or will it ever be. I suspect we will go sideways as long as the market doesn't tank on us. I give the stock 50% change to move higher without any significant pull back of 20% or so. Mid 90's look's like a good area to move to, that would put the price back into the channel.

Greg
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