Remedy Taking a hit why? Message Board

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Technology Stocks : Remedy Taking a hit why?

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To: John Puffer who wrote (293)	10/6/1997 10:21:00 AM
From: Ms. Baby Boomer	of 763

Hi John, I use various TA and FA in my trading decisions. Here's a good TA site: stocksmart.com S/T - Stochastic Oscillator (5 day) settings crossed and on 10/3 gave a reading of approximately 25%, which is considered a buy signal. Click on Guide to TA for explanation. Stock bounced off lower S/T bollinger line and is trading below current MA = oversold. Most traders wait for 2nd confirmation on buy signal (L/T stochastics set for default 10 & 4 days). RMDY has a large % short interest, see SI short thread. Believe they would like to get this as close to 30 as possible, but would expect them to cover when 2nd buy signal is confirmed. Back on 9/23 RMDY made a nice move intraday. Happy investing....

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