Remedy Taking a hit why? Message Board

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Technology Stocks : Remedy Taking a hit why?

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To: Qualified Opinion who wrote (745)	8/25/2000 11:31:44 PM
From: P314159d	of 763

I won't quibble the new product, I already said I liked them I think RMDY got stuffed for its cautious comments and battles back. But it won't be easy. The GAP down is a sure sign of overhead resistance. Anyone who loved it at 50 and saw it drop afew points, said aw it will come back! It was 60s just a month ago. Then it gapped 41 to 26 with no trades. Nobody got out there. None. So it and the resistance from the previous April fall to the 33 to 34 area are real. Then we can talk about year-end stuff if it can't pass that. It would be wiser to trade the belief that they are a fine company with the expected trouble areas to give you warning that 19 can be had at any time. I think it can continue to press that 26 first target, then I will give my first update. I have no position now here. I would rather understand the price action, then the company's so-called direction. they come out with info every 90 days. Price action is spoken daily

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