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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (84392)2/24/2000 11:52:00 AM
From: HeatherN  Respond to of 120523
 
Susan,
I agree...better to be a little early. I entered RAZF in the aftermarket last night. I have a reasonable stop, but I think this looks good from here.

Heather



To: Susan G who wrote (84392)2/24/2000 12:33:00 PM
From: Lane Hall-Witt  Respond to of 120523
 
Susan G, Kavika -- RAZF:

I bought yesterday and added more this morning because it looked to me like there was blowoff selling between 3 p.m. yesterday and about 11 a.m. this morning. The volume was high, even by the standards of the past two weeks, and a number of large transactions went through.

The battle between longs and shorts is on right now, with lots of volatility around the triple-bottom support level. The shorts would appear to have a lot to lose if they can't hold RAZF down here, as they looked like they took on a fairly large position after the January earnings report. I'm holding in hopes of a short-covering spike sometime soon. If it breaks down again, I'll take profits and buy again lower.

BTW, CTRA showing some signs of life today. Recent IPO whose quiet period ends next week (Monday). I very much like the longer term potential of this company, as well as the short-term trading opportunity.