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Non-Tech : RECY Looking Good... A

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To: Russ 5150 who wrote (5113)6/23/1998 10:55:00 PM
From: Russ 5150  Read Replies (3) of 7006
 
Since it's kind of quiet here tonight, thought I would break some wind.

Today was kind of interesting, the most volume we have had in weeks, yet we went down. RECY has been in a classic short term channel since December with one good breakout. You could say it has been in a channel longer than that starting back in September of 97, with more breakouts. By following the channel we should turn up anyday now. But, that does not mean we will. We have strong support at 5 and weak support at 4 1/2. If it goes below 4 1/2 it could be trouble.

I am just puzzeled why we are not higher by now. I just hope nothing bad is looming out of our sights, specially since I finished loading the truck yesterday and today. Call me paranoid, but stocks under 15 make me nervous.

Thoughts and opinions welcome.

Russ
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