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Gold/Mining/Energy : Royal Group Technologies, Ltd. (RYG)

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To: zebraspot who wrote (173)7/30/1998 9:42:00 PM
From: Julio P. Antelo  Read Replies (1) of 199
 
Well it's good to know that the downgrade was at least a result of a company announcement and not someone just pulling the trigger without any reason. The most disturbing part of that whole article was the news about the China plant. Earlier in the year the co. had announced that the trouble in Asia would not affect them in any significant way.

Maybe not, but a major part of their growth strategy has been geared towards that part of the world. We'll have to wait and see.

One good point: support was held today on moderately good volume.

Julio
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