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Non-Tech : Sunglass Hut RAYS- Will it ever breakout? -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (791)3/6/1998 6:26:00 PM
From: Bo Didley  Read Replies (1) | Respond to of 971
 
Hi everyone

Unfortunately I missed the runup this morning on the Alex Brown upgrade from yesterday. However, after looking at RAYS' chart and realizing the stock hasnt been up here since last August, I shorted at 9 15/32. I think this stock will meander back down to the 8 1/2 area this next week. This stock has absolutely no support trading at this price. Hope I'm right. Lets all make some $$$ on RAYS.

Regards,

Bo Didley



To: marc chatman who wrote (791)3/6/1998 11:05:00 PM
From: Street Walker  Read Replies (1) | Respond to of 971
 
RAYS can't sustain support at this level.

investools.com

Whenever RAYS has a strong run up and hits near this price,
it tanks. It couldn't even break this strong ceiling today
with the upgrade. The same up spike occured back in August and October.

I believe it will retrace. History seems to repeat itself on this stock.

Given this, I shorted.

S.W.


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