Riggs National [RIGS] Message Board

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Non-Tech : Riggs National [RIGS]

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To: Axxel who wrote (6)	2/28/1999 12:08:00 PM
From: Eric J. Beyer	Read Replies (2) of 23

I day-traded shorting RIGGS a few times because it looks weak technically and keeps making new 52 week lows. It's not moving enough for me now, so I'm not trading it at all now. It looks like it may be trying to make a "rounding bottom" formation on the chart which means it may be turning around, but too early to tell for sure yet. Long term it may be fine. If you are interested in shorting a stock look at INVX now. Looks ripe to fall.

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