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Technology Stocks : Research Frontiers (REFR) -- Ignore unavailable to you. Want to Upgrade?

To: RMP who wrote (641)	2/16/1998 1:18:00 PM
From: Ted Campbell	Read Replies (1) \| Respond to of 50219

Just went to my 10 year chart on Refr and for those of you who are in- terested, here are the stats: The low over the last 10 years has been $.80 in Oct.of 1990. The stock peaked at $6.94 in Oct.of 1991. The lowest price for Refr since Oct.91 was $2.93 in June of 1992. Over the last 5 years the lowest price on Refr was $4.63 in Dec.of 1994 By Sept.of 1995 the stock hit an all time high of $16.88 The low since that all time high was $4.88 in April of 1997. I'm not an Elliott wave expert, but it's clear from that 10 year chart that the stock completed 5 waves up from Oct.90 to the all time high in 1995. It would appear that Refr has since gone through an A-B-C cor- rection and that a new uptrend could very well have begun since the re- cent bottom in Dec.97/Jan.98. If so, we would only be in the first wave of a five wave uptrend. Let's hope it's a very explosive move!! Wish the market were open today. Ted Campbell