RAINFOREST CAFE Message Board

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Non-Tech : RAINFOREST CAFE

RAIN 3.545

-0.7%

Jan 13 3:59 PM EST

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To: Dennis Vail who wrote (276)	7/29/1996 8:10:00 AM
From: Terry Audette	of 4704

Hi Dennis, re DANB Everyone I know likes them too. Their high on friday was pushing against a resistance line and the low for the day was on a support line. After their two trips down to 19 I would think that enough was accumulated to carry this stock past this resistance. Next resistance would come in around 26 and then around 29. I've been following this stock for about a year now and it's got a lot going for it. My concern about it is that it takes about 12 million per unit to build and if I recall correctly they aren't sitting with the kind of cash RAIN is. Now if the market is behaving they've got a steady source of cash (although there is the dilution problem) but if the market goes down their plans could be stalled. In the end I had to choose between RAIN and DANB and I picked RAIN. They've got a higher gross profit than RAIN but RAIN can about pay off the cost of a new unit in one year and if I'm remembering the figures correctly DANB can't. Having said all that I sure wouldn't mind owning a couple of hundred shares of it. Dennis you've made the perfect case for TA. It isn't possible for a human to hold in his memory a perfect graphic representation of a stocks past movements and stocks DO REPEAT these patterns. Checking out a chart of RAIN will show anyone that these patterns are repeated all the time. I probably don't use the benefits of charting as much as I should. I knew RAIN, or at least was pretty damn sure, RAIN made a top the first of July and I did consider selling it. In retrospect I wish I had. Hey a 30 percent profit in a week, I'll take it. But, I really didn't expect it to fall as much as it did and I don't like the angst of trading for short moves. I use the TC2000 system from Worden Bros.. It's cheap and gives me all that I really need. I can then overlay my own system over that. My cardinal rule(which I do occasionally break due mostly to stupidity and advancing old age) is to never buy a stock that I couldn't live with holding for a couple of years. I have been in markets that have broken so quickly that, at least I, wasn't able to get out of them. I think we'll upgrade our P90 to a P200 and I'll put the P90 motherboard in my 486/100. The laptop is a P133 so that should be good for awhile. Terry

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