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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?


To: unregmarket who wrote (2106)1/21/1998 6:01:00 PM
From: jerald morse  Read Replies (2) | Respond to of 7111
 
IBD now lists Radica with a "D" accumulation/distribution rating falling from "C" which was never seen last year. Whether short or not this stock is being, shall we say, distributed. I have never seen a stock make a quick recovery from a "D" rating. If we slip the final notch to "E" (excrement) we will see much lower prices - my guess 10 to 9.25. There has been a lot of damage to this stock and I feel we need to find our legs over the next 2-4 months before staging a comeback. Coverage before or after earnings could change my lackluster assesement but we need to get out from under the people that want out and that may take some time. If the market hangs tough and earnings come in where we think they might I've got to believe we will see new highs by the summer, with the stock REALLY rocking come next fall.