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To: rocklobster who wrote (4306)10/25/2000 12:39:21 PM
From: pooh  Read Replies (2) | Respond to of 8046
 
Hi Rock, I got questions on your RNWK and TMWD.

I'm looking at the RNWK daily chart and see it's downtrend, trying to fill out the gap down on the 18. It seems to accelerate with the down trend of the market but cannot top the day before gap down like the Naz did. 25 is the resistance, but isn't it tough to go back there without consolidation or uptrend?

On TMWD, seems like Nok is looking at this one, too. I'm looking at the daily chart as well, and also see a stiff downtrend. I also thought it would be negative when the market recovered on the 18, but TMWD kept moving down, wouldn't you think? By looking at the 15 minute chart, TMWD seems to have problem moving above 18, while the next upward resistance is 16-5/8. What did I miss?



To: rocklobster who wrote (4306)10/25/2000 12:43:35 PM
From: nokomis  Respond to of 8046
 
thanks for your post, not sure if you qualify as a fishee or not 'tho <ggg>



To: rocklobster who wrote (4306)10/25/2000 1:55:28 PM
From: edkaiser  Read Replies (2) | Respond to of 8046
 
TMWD $16 is ludicrous on this one.. its nearly at its IPO price and is featured in Toby Smith's potential 1000% gainers. and that was when it was priced at $40 for those who missed last falls run over a hundred..I would buy this one with both hands at this level...and I have.. ';<( well actually a wee bit higher..dangit..LOL.. This company met earnings expectations..is growing massively and had to take a write down in receivables because of a recent acquisition. the writedown hurt its balance sheet which is why its been punished.. This has no effect on its core business which is growing by leaps and bounds.

I bought that sucker at 26 the day after earnings thinking that was ludicrous. Turns out, it was, LOL. I agree with you about it long-term, though. Right now it's trading at less than 10x its rev. run rate. I'd like to buy it in single digits (and I'd like to wait & see if there are any shareholder suits forthcoming), but one way or another, this will be part of my 2001 post-bear portfolio.

Another one from that same Tobin Smith article is BFRE, which just announced 300% rev increase and will probably drop below 10x rev, too (and is down about 80% from where Smith said he liked it).