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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (25278)	6/3/2001 1:32:39 PM
From: Sergio H	Read Replies (1) of 29382

Ken, I didn't read the filling (RSTO), but conversion of the convertibles should result in short covering. Getting back to Fibonacci retracement: 1/3 pull back from the high...it seems to work like magic. Do the math on RSTO, for example. See what I mean? Short term the stock looks ok. It seems to have absorved the recent bad news; coming in below estimates and suffering from over supply of slow moving inventory and under supply of fast moving inventory. There's a gap under 3 that will eventually fill if you have the patience to maintain your position. Sergio

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