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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?


To: LLCoolG who wrote (3791)7/7/1999 3:14:00 PM
From: T-Lo Greens  Read Replies (2) | Respond to of 5843
 
Mr. LLCoolG,

From a technical perspective RNWK was a short at 96. I acted too early when I shorted at 89 3/8 as I posted on the Tatrader thread. Today the indicators have reversed, so I covered at 86 3/4, a little too early again. I will go long before the close today and probably close out my position tomorrow morning. If I were a long term investor, I would hold on to RNWK. However, after being burned many times, I don't hold stocks more than 3 days or loss of 3% whichever is first.

Perchance we will have a late summer rally in August, as the Nasdaq and DOW both seem over-extended. A slight correction in July would do the market good.

Best regards,
Tony