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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: aerosappy who wrote (20081)	8/21/2003 12:46:03 PM
From: kodiak_bull	Respond to of 23153

Check out the hourly chart on RRI, it looks pretty damned interesting now. I think I'll wait and see how it closes. KB

To: aerosappy who wrote (20081)	8/21/2003 6:27:51 PM
From: chowder	Respond to of 23153

Aero, If I were going to play RRI, I would have bought this morning. I mentioned that over on the RIG board at Yahoo. The price was up about 25 cents at the time of my message. I'm not going to buy RRI though. I still don't see anything in the chart to catch my attention. You have to understand what it is I'm looking for to understand my comments. I have made the decision to buy strength and short weakness. I prefer to buy long positions that are trading above the 50 dma or have stronger fundamentals than a RRI. As a salesman, my greatest success came when I understood the concept of knowing a "lot about a little" as opposed to a "little about a lot." This meant that I specialized in a certain product within a certain segment of the market. Because I was able to focus on the type of sales situation I needed, to achieve what it was I specialized in, I was able to find more opportunities. My closing ratio was incredibly high. I became more consistent and efficient as a salesman. I have made the decision to apply those same principles to investing. I have decided to focus on stocks showing strength. By focusing on the setups that meet my criteria, I am becoming a more consistent and efficient investor. I realize I may miss a 50%, 75%, 100% or more move in RRI but, I've missed that opportunity with a lot of stocks. My focus is going to be on searching for stocks whose fundamentals are better than a company like RRI and is showing technical strength. With having said that, a close above the 20 ema tomorrow should confirm the move for those wishing to buy RRI and aren't already in. dabum