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Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ?????
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To: Jeffrey L. Henken who wrote (40)12/20/1998 2:33:00 AM
From: Stock Watcher  Read Replies (2) of 962
 
J - RDIM's trading volume is picking up ! Recent acquisition of America's Hometown Brand Center should provide RDIM with the working capital they need - and, with a $30 Mil. revenue stream, maybe they can even eek out a small profit next year. They project 1 Mil. in profits, but who can really say at these preliminary stages of the acquisition ?

The chart on RDIM is fair. The stock hit .34 in late Oct. and closed @ .21 on 12/18/98. Trading volume picked up dramatically for this stock last week (due to announcement of take-over).

Price support @ .13 / resistance @ .34

RDIM is a private wholesale consumer buying group which provides the "member" with the ability to comparison shop between multiple manufacturers and suppliers. They are also diversifying and concentrating heavily on e-commerce.

Once they "digest" America's Hometown Brands and see real earnings, this stock could quickly move onto the "buy" list of many investors.

I agree with you Jeffrey, @ .21 - the stock seems undervalued thanks to the new revenue stream provided by the acquisition.

If the stock can break through .35 convincingly, a BUY signal should light-up in many investors minds......thanks for the pick....
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