Royal Appliance Manufacturing--(RAM) Message Board

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Non-Tech : Royal Appliance Manufacturing--(RAM)

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To: J. Kittle who wrote (26)	5/9/1999 7:05:00 PM
From: Richard James	of 42

Three different views re TA. Which, if any, will prove correct. A member on the "ta:golden cross" believes the chart looks good, but is waiting to see what happens with a bit of volume. A member on "cups and handle patterns" believes that RAM completed a formation on April 1, but has something better, a wide double bottom. But a member on "STOCKS CROSSING THE 13 WEEK MOVING AVERAGE <$10.01" says that RAM looks overbought... Stochastics is turning down... MoneyFlow is negative.... Look for a test of the 4 5/16 area, then 4 1/16..." My belief from the fundaments is that RAM is on its way up,and rotation into undervalued stocks may help, but the real move will happen when Q2 earnings are released. If RAM is prepositioned above 5.5, it will attract a good deal of interest and may see 7 or 8 by the end of the year. But what do I know, I bought my few shares just under 6. Actually, this may be dumb, but I would like to see a pull back to 4 1/16, at which point I will double up on this sleeper.

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