Radica Games (RADA) Message Board

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Non-Tech : Radica Games (RADA)

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To: Warthog who wrote (2365)	2/3/1998 10:44:00 PM
From: Jay Tice	Read Replies (1) of 7111

Collin, convential wisdom is that stochastics should only be used to pick tops in a bearish trend. The 14 day RSI is currently at 70. If it crosses 80 I would be looking for a pull back to $16. In the past we have seen magor tops when this indicator has hit 80-85, although the run from 12/13/96 to 3/7/97, 70-75 indicated peaks. Moving avs showing some loss of momentum today, I don't think we can go much higher short term but a good ol' short squeeze could prove me wrong. Ain't this fun? Jay P.S Anybody seen latest figures on % owned by institutions? Seems to me it was around 2.5 a few months ago.

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