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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (4859)1/18/1998 3:38:00 AM
From: Gary105  Read Replies (1) | Respond to of 42787
 
Chris, thanks for the compliment. I find your posts very enlightening. Re. Radaf's moves, I attribute it to a seasonal correction, probably exacerbated by short selling - that explains the down move. The upward correction I attribute to the fact that it was terribly oversold. Which brings us to the question of where does it go from here - personally I expect base building in this range: the + being continued excellent fundamentals, the minus being a lot of technical damage thats been done. Once done the damage usually takes time to undo with several false starts and stops. I think an excellent analogy is the THQI chart of late '96 to late '97. Fundamentals were good and it set new highs in late '96 only to seasonally correct into early '97 and then made sequential new highs beginning mid '97 and continuing to end '97 - supported by fundamentals.

Gary



To: Chris who wrote (4859)1/18/1998 10:39:00 AM
From: larry watson  Read Replies (1) | Respond to of 42787
 
Re. >> my personal feeling (just a guess and im not in radaf) is that it's a suspcious move? Even though Doug called it, i still feel the move is suspicious. <<

Chris -

The feeling from some with the screens to see such things seems to be that Radaf activity of late was due to a standoff in the 12 7/8 range between a large shorter/seller and an equally large buyer (Mr. Pickup), with Pickup winning in the end. Wouldn't that explain the sudden and dramatic "suspicous move", i.e. the shorter/seller's bluff was called due to superior, relentless buying, and he/she stepped away from the plate allowing Radaf to "unwind" like a compressed spring - or am I viewing all of this too simply?

Thanks to you and everyone for the analysis,
larry