To: David H. Zimmer who wrote (1025 ) 3/31/1998 4:59:00 PM From: James Wright Respond to of 1119
According to a recent post on the Yahoo thread for RETX: "Its about to blow. Still looking for 8 rather quickly." I expect you're right. I began buying RETX today after Zimmerlaw suggested I take a look nearly two months ago. Given that the recent distress selling by a major holder is over (at least according to prior posts by others), and the length of time that RETX has been trading within the current base of 4 1/2 to 5, I suspect that all weakness is now shaken out. I can't see any reason, moving forward, for continued resistance and expect the price to begin its upward move past 5 and beyond. In fact, I've been closely watching RETX for a month or two, waiting for the right time to buy. That time is now. I generally like to go with innovative companies which are leaders in their field and appear to be ready to break out due to increased visibility and earnings potential. RETX certainly fits those criteria! So far this year I've been batting a 1000 on finding such companies (look at LGWX, THNK and HAUP). In fact, I'm up over 40% in my portfolio since January. Hopefully, RETX will help me keep my perfect batting average! Also, be warned that there is a disturbed individual with the alias micny and nyoh who seems to follow me from stock to stock and begins posting vile and paranoid stuff. He/she seems to have a psychological problem, and if micny / nyoh shows up on this thread now that I've made it known that I'm buying RETX, I apologize ahead of time. Some of us are taking legal steps to deal with micny / nyoh, and hopefully he won't be a bother much longer. (If you don't know what I'm referring to, don't worry and count yourself fortunate!) Now let's have some fun with RETX!