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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Carolyn who wrote (4727)2/8/2005 5:56:17 PM
From: Walkingshadow  Read Replies (2) of 8752
 
Hi Carolyn,

I think the chart tells a pretty good story.

139.142.147.218

RSTG corrected back to support, and was oversold.

It is in a strong uptrend.

And, it moves very strongly and mostly independently of the markets.

That's why I didn't sell.

There's another reason: I think the mo-mo crowd may jump on it with little warning (that didn't happen today----note the volume). Also, I suspect there will be some big news in the not-too-distant future. I don't have any real reason to believe this, just a gut-level feeling based upon the volume patterns and the lack of obvious explanation for RSTG's recent history.

If volume picks up to anything like the levels we saw a month ago, RSTG could really soar.

T
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