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Politics : High Tolerance Plasticity

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To: Peter van Steennis who wrote (13417)	4/22/2002 6:38:31 PM
From: chowder	Read Replies (1) of 23153

Peter, my original thought was to add to my position in RAD once it closed above $4. It achieved this level so quickly, I didn't respond. RAD's near term level of resistance was $4.25 and it banged into it head on and is now giving back some gains. RAD was overbought on the daily chart, so some profit taking was to be expected. I think the $3.65-$3.75 level of support is critical. A bounce off this level and the uptrend is intact. Fall below it, and I don't want to think about it. The 60 minute chart now indicates that RAD is oversold in the very near term and we may be seeing a bottom soon. That bottom should be the $3.65-$3.75 mentioned above. If RAD can get back up to $4.25 and break through that level of resistance, I see it going to $5.20 in the next few months. This one has been good to me lately but it does take a lot of patience. You've got to give it room to breathe. dabum

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