Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (2405)	9/1/1998 1:42:00 PM
From: Martin Rasch	of 18998

REXI Today a buy recommendation at Day Trader Online: *** REXI - Looking for high risk speculation? Here it is. There's a lot of interesting info surrounding this stock, but several brokers have nice price targets on it. Beyond that, it looks to be a stock that has been way oversold and caught up in the down draft of the market (note slow down in volume also which could be a positive). Yes it's high risk, but probably also worth putting a _few_ dollars to for a possible rebound. We'll look to buy at any price of $13 to $14 or less and/or on a rebound past $15 (use caution there however). Probably best to use a little averaging here if possible. We'd suggest maintaining a stop around $12 to reduce risk. Possible rebound price target around $17 to $20. Note that company also recently announced they would be buying back stock and saw no reason for the sell off. We think they see the same opportunity to buy the stock that we do here! Very high risk of course (especially in this sort of market atmosphere) - so don't use too much capital here.

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