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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (13557)8/28/1998 11:02:00 PM
From: Jenna  Read Replies (1) of 120523
 
REXI..There are two threads devoted to REXI. I thought that stock was good enough to include on my newsletter and indeed it made for 1-3 days of good swing-trading BEFORE earnings came out. Today I had a good day with REXI.. Here is something I thought would be of interest to people on this thread.

found from a poster on REXI thread:REXI can very well make some nice gains in the next few trading session. Here is an example of a stock that I would go long on.. Only very special stocks like TAXI, REXI, (coincidence?).. SJK, IO did well soon after they tanked.

REXI has been pulled back last 5 days due to very negative markets conditions and also some negative rumors circulating around. Today REXI has tested its bottom around 11 5/8 and then bounced back up to close at 13 1/4 despite of very negative market environment when NASDAQ fell-off by 81 points and DOW dows by 357 points. Company has already clarified that the business is as usual and continues to perform in line with analysts prior expectations and with prior trends. In last few days due to negative rumors and market conditions REXI has been shorted big time but today's bounce from the 52 week low of 11 5/8 shows that the selling is now over and also the buying interest has been developed in this bargain priced stock so expect REXI to bounce from here by atleast 30 - 40 % into next few days
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