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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?


To: millerme who wrote (3352)7/5/2001 11:16:38 PM
From: Michail Shadkin  Respond to of 6873
 
Millerme - Re: RWY

They certainly have some problems.

Debt Violations Cast Cloud
Over Rent-Way's Future from the Wallstreet journal July 3
public.wsj.com

For now the bad news is all out there and stock has stabilized nicely.

Based on the chart, I think this would be a very poor entry here.
RWY is sitting just above the up-trendline and has bounce of it numerous times very nicely.

Also, insider buying (although small) 3 months ago would lead me to believe that they will work things out.

I would pass on this short.

traderpulse.com
Michail