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Strategies & Market Trends : Analysis Class for Beginners

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To: Robert F. Newton who wrote (897)	6/15/1998 9:23:00 PM
From: Trader X	Read Replies (1) of 1471

re RDRT: I think the falling knife got stuck in someone. I had to go as far back as possible, and that was '92 on RDRT to see where support might be. chart4.bigcharts.com:80/report?r=chart&onbad=badsymbo... RDRT made a brand new all time low last week! With that in mind, I would thing it's already as low as it will get. I also think it'll be many months before it gets back on it's feet price-wise. And there's a 33% - 50% chance it will go lower still. Not a great bet, but not a bad one either if you cut the risk with a tight stop-loss. Talk about momentum, this one has lots of downward MO. Trader X

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