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To: Galirayo who wrote (393)1/4/1998 7:27:00 PM
From: Instock  Read Replies (3) | Respond to of 1488
 
Ray: What happens if DRMD moves below the 200 dma? that is apx. $5.78
Does it then start to make a run to the 100 dma at apx.$4.60?
Do you feel that a break of the 200 dma is valed after a 3 day spurt up in price from the 15 dma?
A run up in price that caused a very short term break.
I would think that it being so short term after such a great gain in price in only 3 days, that the 200 is easy to break back down.
No?

I see the stock extreamly over bought , short term.

Remember here, we are talking a short term Gain from a short sell position. Not Long term. More shares can be bought at the lower price from the gains made going down.

Instock