Rentech(RTK) - gas-to-liquids and cleaner fuel Message Board

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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel

RTK 0.200

+5.3%

Oct 13 5:00 PM EST

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To: Lord Smooth who wrote (5068)	5/28/1998 12:11:00 AM
From: John S. Baker	Read Replies (1) of 14347

Schope, I too have some concern about applying TA to a stock like RNTK ... not just because it is a low-priced stock, but because TA cannot anticipate news (unless the news is reflected in a skewed supply-demand situation due to leaks). Previously un-leaked news causes stocks to react crazily, from a TA standpoint. Having said that, ie disclaimer, I find considerable solace in the MFI for RNTK. Aggregate MFI rose during the runup to the October peak, and never retreated even though the stock price slid back down. And then during the runup to the most recent peak, the MFI rose again from that point and has withdrawn only barely perceptibly since the peak. If one subscribes to the theory that MFI represents "smart buyers", as opposed to "retail buyers," then the inference is clear that the heavy hitters are still seriously aligned with RNTK and that both the drawbacks were retail (including day trader) selling only. In other words, a real buying opportunity. Other interpretations welcome. <Caveat: I do not proclaim myself an expert in TA, and normally use it not to select my stocks, but to refine my timing.>

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