Well, for what it's worth,
I did a trendline projection yesterday and a comparison to the 50d MA.
The question I asked in post #15 is still up in the air. Personally
I think there is a strong chance that we start moveing north again around
the middle of next week. Once the momentum folks get their quick profits out of
the way, we still have a real nice base to build on from all of the trading
that occured in the $10 1/2- $12 range. BUT, the trendline says we go sideways
for about 3 weeks. Hmmmmm, we'll see. Sideways would be healthy. If we sell
off further (I think our range is 12.75- 13.375 now), the next upward move
should be sooner. We're down 5 1/2% from the $13.75 mark OR, 25% of the last
run using $11 as the average that we moved up from (as I suggested
in an earlier post).
On a more personal note, I think that the branching off of the original thread
has proven quite healthy and a benifit to how Radica is covered, with room
for all. I see it as Radica volume I & volume II. Where the first can handle
more of the day to day typical conversation and volume II can be reserved for
postings that lean to the fundamental and technical aspect, as well as more
pertinent Q&A. I also think that if we try to use the two sides in this fashion,
it will make for a quicker referance and review for newcomers in the future as
well as the rest of us. It would be a nice evolution of the original thread
and I would encourage all relevant info to be posted on volume II if anyone feels
inspired to do so. This could be a very useful evolution in covering this
company and keeping up with its fast pace!
Volume I & Volume II, Not a bad idea , when one thinks about it.
Thank you,
Wayne |
