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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: KLP who wrote (4518)2/1/2005 6:08:44 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 8752
 
KLP,

I think that RSTG is likely locked into a trading range now that it has it technology patented. The day that it popped up to 25.50 is the day that the patent news was released.

The sell-off back to the 20-ema today followed by the bounce was technically predictable, even though there are some who think that this stock is way over valued based on current fundamental conditions.

I have always found that most speculative stocks tend to trade at future speculative valuations especially when their stories tend to be true as the dd on this board has uncovered thus far.

This chart shows the Linear Regression Channels and probable future trading range for RSTG. Note that stochastic is signaling a buy so get ready for another run up to $27-$28.

139.142.147.218

JMO

Reid