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To: smokie21 who wrote (22900)6/21/2000 12:03:00 AM
From: techguerrilla  Read Replies (1) | Respond to of 35685
 
I'm not trying to scare you, Julie

. . . . but if I learned anything from the Qualcomm story it is that "gaps are filled."

Look at the chart

quote.fool.com

See the area between 62 and 65 recently created? That's a gap, in my opinion. Profit-taking on RMBS could cause a panic pullback to the gap. I'm no TA expert, but I think steady rises in stocks are more tolerable now. RMBS is a very volatile stock. A lot of buyers in mid March are going to see this as an opportunity to get out as well.

Ask JimWillie for help or go to Vendit's SI thread and ask him. If you start to see a pullback by RMBS, you have a warning to sell covered calls quickly (modest protection), sell (pay taxes), or buy puts (like an insurance policy). BWDIK.

JimWillie's driving back to Boston now from the party. I really like Vendit, though. He has a great thread and fields TA questions all the time.

Subject 27793

John