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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (34967)	11/4/2000 2:03:29 PM
From: Al Serrao	Respond to of 50167

Tim, as long as you made a profit thats all that counts. However, once RMBS bases and then breaks out it usually moves for three days on very heavy volume usually some news event and then the pull back. In this case, what we had was a slam by the shorts who were very successful in moving the stock down sharply. It gaped down, sat there for a couple of days and then gaped up on an upgrade from Edlestone. Looks like an island reversal to me. A very bullish formation. It's remarkable it didn't sell off near the close Friday a sign of a continuation IMO. With this kind of action, I can almost bet there's some major news event coming. But, you never know with RMBS. Just don't blink your eyes with old rambo and keep your trigger finger ready. Good to hear from you and good luck.