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Technology Stocks : RealNetworks (NASDAQ:RNWK)

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To: volatile1 who wrote (536)4/7/1998 9:57:00 PM
From: Doug West  Read Replies (2) of 5843
 
How about that kick-ass rebound from low 32's to high 34's in the last 10 minutes!!

I hope this is a good sign for things to come tomorrow, but I'm afraid that it may have only been day traders covering their shorts from earlier in the morning. If that is true, you'll see RNWK start off down a point right at the open tomorrow. Then, how it goes after the first hour is what the trend will more than likely be for the rest of the day (IMHO).

Initially, I found it hard to believe that YHOO was the market indicator for internet stocks, but it looks like (for now anyway) that may be true. If it is I hope that the heavy selling in YHOO is not because some one knows the earnings are going to be off of the first call. I'd hate to see RNWK's recent increase be cut short due to YHOO's missed earnings. Especially since RNWK's earnings aren't due out for a couple more weeks.

Oh well, we all knew a correction was coming eventually. Let's just go ahead and get it over with so we can continue onward and upward.
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