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

To: in_cog_nito who wrote (23888)	2/17/2001 10:19:09 PM
From: Ken W	Respond to of 29382

Scott, The TA picture on RDRT could go either way IMO. The price has been moving above and below the 10dEMA for several days now. If it had the legs to stay above 10 after the "Korean award" anouncement then I'd say a long position and hold would have been the way to go. The news after the shareholders meeting should be that they are moving into the new facility in So. Cal for Scion and that they are ready to begin doing business there. There, of course, will be a pop on the news and then back down from there. There is good news on the wires this weekend. Good is that there will be no recession per the WFI four week model...the bad news to that is that there will likely be no large rate cuts if there is no recession. The good news is that consumer confidence will begin to pick up...the bad news is they will spend too much and the rate will have to be cut. LOL......I LOVE THIS GAME!!!!!!!!!!!!!!! Ken