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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Old Man who wrote (33953)4/15/1999 5:13:00 AM
From: kha vu  Read Replies (1) of 120523
 
RMII...for the net stock we have to categorize and evaluate them. Jenna uses charting and historical data to select and screen net stock for the WL. RMII is falling into the category like RCNC: regional AOL, mindspring.
RMII, RCNC are already established in the market and are screened and filtered to be on the watchlist.
The question is how long do we have to wait for the breakout. If you
check out the Jan WL, there are two candidates: PSIX and VRSN. BOTH
are engaging in the same line of business BUT until today VRSN always
ahead of PSIX. It took PSIX almost THREE months to breakout to the
high 50 and tanking today in sympathy with VRSN. But in three months
it moved slowly from mid 20 to low 50. In case of PSIX, it went thru
a series of cycles of up and down: one can sell it at high 30 and got back again to ride to high 40 and low 50.

As for RMII, i would look at the 1 and 2 year charts and then 3 months chart together with some recent news:

biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
when this news came out: Rocky Mountain's stock closed Thursday down 5/16 at 11-3/8.(4/9/99).

these are facts that can assist you to make your own decision

good trading

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