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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (23628)1/27/2001 7:19:00 PM
From: Ken W  Respond to of 29382
 
Dave:

Thanks for the mags on RDRT. I thought it may be in the lower 8's so shorted the stock at 9 1/4 and again at 10 15/16 since it has gone from 4.50 to 10 in less than 20 trading days...way too fast to sustain the move IMO.

Ken



To: Magnatizer who wrote (23628)1/29/2001 11:39:56 AM
From: Bocor  Read Replies (1) | Respond to of 29382
 
Mag, still think RDRT pulls back here? Been out since 8, now wanting to get that back on the short side, but is sure looks strong. Might this become "the comeback kid" every portfolio manager wants in his pocket? 100 mil float ain't chump change, so someone is buying other that mom and pop don't ya think?



To: Magnatizer who wrote (23628)2/21/2001 7:00:18 AM
From: Bocor  Read Replies (1) | Respond to of 29382
 
>>There are two horizontal magnets in the high 7s (7.75 and 7.875). That would be the first area I would be a RDRT buyer. The next support (one likely to be tested) is the newest magnet trendline (7.3.00 to 12.12.00) in the very low 6s. >>

Any thoughts on RDRT here? Was yesterday a test of that line at 7.3 or did the breach make it necessary to test the 6's?
Sure appreciate you info...kept me out of a dangerous long position I was tempted to take.