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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (2144)	2/3/2002 8:04:21 PM
From: Dave Gore	Read Replies (2) of 16631

STOCK #4 ANALYSIS: * RACN * (John J. O'Reilly) Racing Champions produces and markets die-cast racing replicas sold at more than 20,000 North American retail outlets. For the nine months ended 9/30/01, net sales decreased 10% to $145.4 million. Net income totalled $10.2 million, up from $5 million. Revenues reflect a decrease in sales of non-racing die cast collectibles. Earnings were offset by a more favorable mix of higher margin products and tight control of discretionary expenditures. Price and Volume 52-Week Low on 2-Feb-2001 $1.875 Recent Price $17.42 52-Week High on 1-Feb-2002 $17.48 Beta 0.98 Daily Volume (3-month avg) 114.4K Daily Volume (10-day avg) 151.0K Last Trading Day Vol: ---- weak ---- Short Interest As of 10-Dec-2001 Shares Short 34.0K Percent of Float 0.4% Conclusion: no poblem but out of date data Clearstation: Last Price Quote is: 11.60%above 13-day EMA 35.61%above 50-day EMA MACD - very strong STO: possibly very oversold Conclusion: Overextended, perhaps due for strong pullback Barcharts: Pivot point (1st resistance) = 17.69 38.2% retracement from recent high= 15.44 38.2% retracement from recent low= 14.16 Conclusion: could go slightly higher, but a better short or wait for lower, safe entry Bigcharts: Boll.Band range = 12 - 17.4 20day sma= 14.8; 50day sma= 12.5 momentum (latest day) = very strong money flow (latest day) = very stong OBV (latest day) = very strong Conclusion: Could be a short or wait for re-entry near 14.8 - 15.44. It may not get back there, but that is the first safe entry. Suggest you check stockconsulant.com and watch news and analysts ratings this week. DISCLAIMER: DO YOUR OWN DD and T/A (technical analysis); This is my opinion based on data from other websites which may not be accurate. I am not an expert at T/A; Remember fundamental news can always overshadow the T/A.

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