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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?


To: radames who wrote (2204)4/2/1999 9:25:00 AM
From: timers  Respond to of 5843
 
Although IMO $100 is not EVER in the cards again. I'd say 138-145 on Monday, then regroup.



To: radames who wrote (2204)4/2/1999 10:40:00 AM
From: LLCoolG  Read Replies (1) | Respond to of 5843
 
Radames,

You must be a rube:

1. Stocks that go through all-time highs generally keep going for a little bit. It is called a "breakout".

2. Stocks that run 14 points in the last hour of trading are not objects of day traders, it means that people wanted to hold it over the weekend for an anticipated gap up on news or other happenings. Day traders would have sold it of at the end and we would be at 135-140.

3. When stocks go up 14 points in the last hour of trading, it generally shows that money is flowing INTO the stock, not out. If money is flowing out, demand drops with a constant supply, and the price DROPS.

I can dig up my freshman Economics 101 book for you if you wish, or I can bust out my magic 8-Ball and let you give it a couple of shakes. But no matter what the 8-ball says, your ideas are wishful thinking. When the split is announced, this will launch off to around 200 just like DoubleClick did, and it isn't coming back. BCST set the bar at $5.7B, Real will stay up here barring total market corection or collapse.

G



To: radames who wrote (2204)4/2/1999 11:49:00 AM
From: neverenough  Read Replies (1) | Respond to of 5843
 
i looked at the chart and alot of money was coming out

How do you figure? Here's a 1 day chart, as you can see money was coming in, especially towards the end of the day.

209.67.221.61




To: radames who wrote (2204)4/2/1999 12:29:00 PM
From: SouthFloridaGuy  Read Replies (3) | Respond to of 5843
 
Why on Earth would you ever short a net stock that made a new high? That's just stupid.