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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: energyplay who wrote (30266)	2/25/2004 8:37:45 PM
From: chowder	Read Replies (1) of 206093

I bought some more RRI today as well. Like you, I waited for the price to break well above the down trend line on the hourly chart. My price was $7.20 as well. I also have some from the low 5's and I have a position I bought last week at $7.75. I was willing to be more patient with my stop loss on last week's position since I'm looking longer term. RRI is being run by the technicals. It bounced off John H.'s pitch fork line as if on queue. I then mentioned we'd see resistance at $7.45 and again, $7.45 is where it pulled back. I said we needed 3.3 million shares today and we got just above that. Everything regarding technicals is falling in place. My only concern at this point is that my charts are continuing to show distribution, not accumulation. I'm hoping this changes in the next day or two. I don't want to go to Chicago next week leaving an overweighted position exposed to a stock still showing distribution. And, I really don't want to sell yet. So, we'll see. stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lc20!Lg]&pref=G dabum

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