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To: Patrick Slevin who wrote (10572)1/7/1998 2:11:00 PM
From: SE  Read Replies (1) | Respond to of 17305
 
Normally dead cats bounce real well in the morning after the down day, however, not always. I don't think I am going to hold overnight. There is a lot of uncertainty with respect to managements decisions right now and I suspect that RAIN will drift lower before heading higher. AV, don't know your entry point, but if you have a profit, I would consider taking it this afternoon and then watching for a while before getting back in. On the other hand if you wish to hold, you may have a chance to average down in this sotck over the next few weeks. I would suspect that when they actually issue 4th quarter numbers, the stock will be down, yet again.

GO PACK GO!

-Scott

PS - The action into the close may give us a hint at which way the open will be. I prefer to wait as usually it is a gap open of 1/2 or so. Indecision...the worst thing to have when making a trade.