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Technology Stocks : Raptor - Where does it go NOW?
RAPT 33.64+7.8%Jan 9 9:30 AM EST

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To: Ron Kline who wrote (566)11/15/1997 8:41:00 PM
From: Bosco  Read Replies (2) of 652
 
Ron - good to hear from you. Yes, I m still holding some RAPT. You probably lucked out by selling it on the way up. Technically, RAPT bounced off the $12 support on Thu and rode up with the mkt. However, it will ve to retest the $14.5 resistence all over again.

I agree with you. Right now, this is a tough mkt and since so many hi quality stks have corrected substantially, people may hold off on stks like RAPT. So, it may not be a bad idea to stay on the sideline.

So long as the box makers are doing ok, I think RAPT will be ok. However, besides the techno bear we are facing here, there seems to be a deliberate effort to pick JUST the sector leader (unfortunate for me, I tend to gravitate toward the underdogs <sg>.)

Take care

rgds Bosco
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