Radica Games (RADA) Message Board

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Non-Tech : Radica Games (RADA)

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To: Gurupup who wrote (3260)	3/4/1998 10:09:00 PM
From: bajaseatrader	Read Replies (1) of 7111

The shorts killed the stock for two days but todays action was very interesting because the momentum in the selling dried up.Most traders I know sold their stock on the earnings or the drop. If most of the traders are out who is left to sell. The stock is now in very strong hands who believe in the future. If new buying develops the price could move back to the high quickly, only 1 5/8 away. As the price begins to rise the shorts either have to sell to hold it down or start buying it back . Seems to me the shorts fired everything they could in a last desperate attempt. Where will they get the stock to borrow to mount another attack. If the basis of their short is the HAS/TIGER deal, who cares. The sharp pullbacks have been to 9 1/2, 12 3/4, 14 1/2, and 16 5/8 so far. Notice each is a stair step up. IMO this trend up will continue rising. It is time to buy it again as we did at each of these points. Congrats on the ccsid move today.

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