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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (10842)5/9/2007 10:09:52 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19257
 
After watching RSH for several months since q4 earnings-and getting killed in puts-, I can say with a very reasonable degree of certainty that we are seeing the absolute top right now
Hit 32.11 so far and that will be it
32.05 bid now
Reasons:
Safely above 30- many see as tgt price- may drift here til May options exp- no reason to be pushed higher
Up on meager volume today
And most of all WAAAAY overvalued.
Stock nearing 2 year highs going into soft economy
Up some 90% ytd