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Technology Stocks : RadiSys Corp

RSYS 1.720

+0.6%

4:00 PM EST

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To: zalesky who wrote (139)	11/27/1996 8:30:00 AM
From: Alex Burns	of 1472

I can see RSYS setting up very nicely as long as RSYS doesn't go below the recent low, which is somewhere around 41. It needs to fill the gap it left yesterday morning between 43 and 44, base and then it'll fly. For those who don't know about gaps, RSYS closed on Monday at 43 1/8 and gapped way up on the open Tuesday. By the end of the day on Tuesday it filled some of the gap down to 44, but left the gap from 43 1/8 to 44 unfilled. If we could fill that gap today, then we could forget it. What I'm saying is that it would be good for the price to go down to 43. But if it goes to 41, we're in new breakdown territory and I'm outta here. There was lots of support yesterday at the 45 - 46 level. That would be a great place to close today. It would signal a short term up trend that would just need a little confirmation on Friday. The big problem I see is that a lot of traders don't want to be in this stock over the long weekend. Those that bought RSYS at lower levels may exit today if they haven't done so already. For an investor, this could be the last opportunity to get RSYS at 43 for a long time... Look at the 30 day chart for IFMX and RSYS next to each other and you'll notice some interesting similarities... RSYS on 11/21-11/26 might be doing what IFMX is doing 11/08 - 11/13... This is an opinion, not a recommendation... Alex

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