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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: scname who wrote (8754)	12/22/1997 4:35:00 PM
From: vegetarian	Read Replies (1) \| Respond to of 9285

Looked at RMDY. Technically, does not look like a short, is in a rectangular consolidation between 33-47, would be a short only if it breaks 30, otherwise it is at the bottom of the consolidation and more likely to go up than down if it maintains the trend. Fundamentally, they have met earnings targets and their growth in 97 earnings of 97c and 1.39$ for 98 are consistent with their P/E. Probably a better short at 47 than at this level. Was insider bailout serious? because those signals are only supportive and not conclusive.