rnwk = gorilla??
from the rnwk yahoo board:
First of all, I agree with the long term positive propaganda posts
concerning real networks. It should and probably will become a gorilla
in the next few years as it commands strategic alliances with everyone
concerning information dispersement on the web and does it in a more
engaging manner. (Heck even the XXX sites incorporate RNWK
streaming....no pun intended, which automatically equals loss of
credibility for me.)
What I am concerned with is owning and trading this stock. I feel it is
in an obvious fundamental long term uptrend, but the short term range of
this stock with the incredible internet valuations is always in
question. I still feel the short term 32 to 37 trading range is
apparent. This, of course, would change and move accordingly based on a
dramatic Nasdaq move, Asian upheaval, or market meltdown. However, if
you look at the 90 day chart and check the moving averages, it seems
nearly assured RNWK will move lower and again retest the 28's in 2
weeks.
Now hate mail is not what I wish to receive. I am open to all
interpretations, both pos. and neg., but I would love to own more of
RNWK and especially at lower valuations. Why not put an order in now at
28 and change and wait for it to click? By the way, I felt like this on
the last run and Real went all the way down to 20, but the big players &
institutions would be all over it this time, so that won't happen. (Oh,
yeah, why the hell DID the big "know all" institutions sell it last time
anyways (only 2 to 3 weeks ago.. you know??) Even after the IPO lock out
was reasonably factored in, there was still plenty of downward pressure
pushing it from the mid 20's to 20. Remember that huge block, 2 or so
weeks ago, that drove it from 24 to 22 in a few minutes? I wish I had
their money then to be a contrarian! My feeling is that everyone that
wanted to sell should have or better have. So, why haven't all the
shorts covered from the recent 15 point rise based on the recently
reported short figures? I feel if they had we should have gone higher
and broken through the 36/37 level we tested three times last week. I
think many haven't covered and are thinking this recent rally was a
bounce and more market downside will ensue. They would rather wait to
cover/profit and count on other newbie shorts to pressure it down.
Afterall, RNWK does not presently have any numbers to compute a present
or future valuation.
I would never short RNWK as the future is undaunting. I would rather buy
and hold knowing any short term weakness will only be replaced by
intermediate term gain. I would, however, love to exchange my shares for
much cheaper ones and gain a 20% premium in the mean time. |
