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To: SliderOnTheBlack who wrote (49742)8/23/1999 4:21:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Slider I don't disagree with your RRC call. The question is how low it will go and how long it'll take to bounce. I can't see it closing any lower than 4 1/2 in the present environment. The selloff seems to be partially technical in nature. It was hovering around 5 3/8 to 5 1/2 for some time. When it broke this support it went looking for new support. RRC is my largest position currently. I may sell some positions too to buy more. Time will tell.



To: SliderOnTheBlack who wrote (49742)8/23/1999 4:25:00 PM
From: stock talk  Read Replies (1) | Respond to of 95453
 
Slider, why would you step in front of a clear down trend (since June 27th) on RRC, rather than just let it bottom and buy on the way back up once a new up trend has been established??