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Technology Stocks : Remedy Taking a hit why? -- Ignore unavailable to you. Want to Upgrade?

To: P314159d who wrote (744)	8/25/2000 5:55:21 AM
From: Qualified Opinion	Read Replies (1) \| Respond to of 763

Let's look at RMDY.. RMDY released an upgrade to its main product at the end of May, 2000. Its product cycle is just getting started in a strong growth market. RMDY showed good growth for the quarter ending June, 2000. Concerning technical analysis, most technical analysts would say that a sharp rise and subsequent drop in a stock price in a short time frame are offsetting and carry less importance. Based on its volume over the last month, most investors carrying losses probably sold already instead of evaluating the company based on its current stock price. Therefore, its stock price can move up at anytime. RMDY carries over $ 6 per share in cash and authorized a 3 million share buy back. Furthermore, they are showing strong positive cash flow and earnings with no long term debt.