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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: majormember who wrote (13357)8/24/1998 5:44:00 PM
From: Jenna  Read Replies (1) of 120523
 
REXI as an earnings play it was wonderful. It was up 5 points when I had in the earnings play watch list. Then something happened on Friday and bottom fell out. I thought it needed watching and the bottom fell out a second time. 

Date          Open      High    Low    Close   Volume
08/13/98     32.000    32.562  30.750 31.375  94,100
08/14/98     31.125    33.125  31.062 32.500 352,700
08/17/98     32.375    34.187  32.062 33.750 145,400
08/18/98     33.750    36.625  33.750 35.250 720,000
08/19/98     35.500    37.125  34.625 36.500 481,700
08/20/98     36.625    36.625  34.250 34.812 283,700
08/21/98     33.875    34.625  25.500 29.125 1,182,300
08/24/98     28.937    29.000  19.250 20.375 8,608,200


Yesterday it hit double bottom point & figure breakout and the chart looked like it might reverse. I think there is more upside in this one than downside. Remember what happened to CATP on a rumor as well.
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