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


To: Gary105 who wrote (2708)2/18/1998 6:02:00 PM
From: bajaseatrader  Read Replies (2) | Respond to of 7111
 
Our entrails are in agreement. We should run to 17 1/2-18 before earnings .If Skipard keeps the institutional buyers active it runs over 20.There is a huge short in the stock. I heard from 2 majors and a regional. There was no stock available to borrow.If they get squeezed it will be a rocket.The shorts will be looking at the charts and calendar just as we do. Their best shot at taking the stock down will be after the earnings report .Seems there is always a lot of selling after each report .If RADAF announces the million share buyback completed,coverage by a major,and we get continued institutional buying on top of Wayne's projected earnings nobody could hold it down. P/E expansion is a given this year with the projected earnings.Time makes us all big profits in RADAF. This is the largest position I have taken long in 11years. It sure wasn't because of the entrails.



To: Gary105 who wrote (2708)2/18/1998 7:09:00 PM
From: Jay Tice  Read Replies (1) | Respond to of 7111
 
Gary, does look like inverse head and shoulders, but volume on right shoulder breakout is critical relative to left and head. Would like to see higher vol for good confirmation, but vol is expanding relative to downtrend that formed right shoulder and this is very good sign.
Question: What effect do you see arbitrage having on price come friday with open interest on Feb 12.5 & 15 calls at 125,000 shrs?

Thanks, Jay