Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (570)	8/13/2003 2:30:44 PM
From: Jibacoa	Respond to of 1404

Hi Julius, RSCR, Yes it is doing well and still seems to have good prospects. On August 8 it made a new 52wks H and tested its resistance from the August 2,2002 H at 6.75 with the help of the up-grade from Jefferies and the good report on revenues and earnings. It is still selling below its reported book of $7.40 and if its earnings come as the recent management's guidance, the PE should drop to 11 from the present 41.<G> I am planning to add more, but watching to make sure it won't close the August 8 up-gap before trying its June 28, 2002 H at 7.08 There is much greater resistance from the June 7,2002 H of 8.20 to the September 21,2001 9.80 Once it can clear that resistance and if the revenues and earnings continue on the present trend, I look for it to eventually retest its July 1999 H at 24.50. The April 1998 H was 26.50 I think there is a good demand for their services and I like the chart.Will continue to add to my position gradually in spite of the recent insiders sales.<g> siliconinvestor.com siliconinvestor.com RAGL Bernard