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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Oak Tree who wrote (32242)	5/13/2001 8:55:22 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 68397

Hi Oak Tree, I would be careful with RETK. The price is above the 200, 100 and 50 day EMA's, so it is technically strong. I would expect a pull back to the 200 day EMA at 29, but it would take something more to get it break below the level. This is a thinnly traded strong, so it could happan; especially if the market sells off after the Fed announcement as I expect. askresearch.com I would not want to be short for a long period of time though. This stock is in the B2B sector which is out of favour, but they sell primarily to large cap retailers (fashion chains such as GPS) and retailer are still doing resonably well. They met their non-reduced numbers for the Q. They are guiding for 20 percent quarter to quarter revenue growth. They increase they cash position in the Q by 8 million to 60 million from free cash flow. They are guiding for 240 million in sales for the year and that appear to be conservative. Not too many companies can say that right now. Bottom line despite the high P/S and P/B, this company is executing as stated and the revenue and EPS growth appears to still be growing exponentially. In other time this stocks would be a rocket.