Resource America (REXI) Message Board

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Strategies & Market Trends : Resource America (REXI)

REXI 9.780

0.0%

Sep 9 5:00 PM EST

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To: Bill Wexler who wrote (50)	8/29/1998 11:30:00 AM
From: Rene Madsen	of 220

In a "normal" market this rumor would have caused a small bump and have been forgotten in 2-3 days time. The major, perhaps only, reason REXI can't get back up is the panic on wall street. Be realistic guys, EVERYTHING is tumbling these days, a lot of Nasdaq issues 10% daily ... the fact that REXI follows the pattern doesn't mean there's anything wrong with this particular company. It is still a major holiday season - wait a week or two until the majority of the traders have returned and let's see if this abysmal plunge won't register as a minor correction.

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