Rentech(RTK) - gas-to-liquids and cleaner fuel Message Board

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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel

RTK 0.200

+5.3%

Oct 13 5:00 PM EST

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To: Andrew H who wrote (6595)	8/4/1998 10:16:00 PM
From: TAPR	Read Replies (1) of 14347

TECHNICALLY SPEAKING If we go through this support (1.06-.94) the next support level is at .75-.78) If the deal is still "in a holding pattern" at the end of SEP and the fall continues at the same pace we would be at .75 level. The 1.25 level is fairly critical. If we lose it and break below 1 with dilution continuing and the deal unclosed we should expect to drift down toward the .75 zone. Of course we have to get through .94 first and the dollar zone support should be strong. Given what has been said here, it doesn't seem likely that the sell off will have enough time to get below .94. The market is of course critical to support for RNTK. I'm sorry M is throwing in the towel now. We must be close to the bottom for the Russell 2000 (if this is a correction and not the beginning of a bear). If not, we should see a small rally at this down-20%-level before this small cap sell off continues. It is hard to see the disaster that it would take to get the Russell to break through the 400 level with out a bounce or pause. But maybe the current uncertainty about the President is all that is needed on top of the slow down and Japan/asia worries. Anyway, the fundamentals are still positive and if the DJIA holds 8400 and more importantly, the Russell 2000 holds the 400 zone. (IMHO it will) THEN RNTK WILL HOLD $1.00 --- till TX calls the deal off. You can't always just trust yourself. I'm buying in till we break .94 or $1.67. Good luck to us all on the deal. TAPR

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