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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: Frank Buck who wrote (801)1/27/1999 9:21:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 939
 
The current pullback in RDIM could end up being a good buying opportunity. Far too many internet related stocks have flown far too high and lost all reason to expect technical support on the way back down. To be fair RDIM is roughly 4 times higher than it was just a little over 1 month ago but many investors are not happy because they expect more news and the associated rapid advancement in the stock price.

The news will come. The stock price will rise but lets let it go higher without tremendous speculation and additional daytrading. If anyone wants to know more about RDIM, the Small Cap Journal Online has an excellent description of where the company is heading:

smallcapjournal.com

Regards, Jeff
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