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

To: LLCoolG who wrote (3233)	5/17/1999 10:20:00 PM
From: Greg McDaniel	Respond to of 5843

The falling knife is this stock was at ~130 in mid April and has fallen to ~85 or about ~35%. I would prefer to buy on the right hand side of cup rather than the left hand. Now what could happen tomorrow with the FOMC meeting? Could we see another blowoff due to the FOMC begging the question of raising interest rates? Or has the market already accounted for that? I don't know until end of day tomorrow. Internut stocks seemed to rebound today but RNWK was still in the red. So if you were a long term investor and you did not have an initial investment in RNWK it could be better to wait a day or so to see how this plays out with FOMC, Internuts, market, etc. If you were day tripping then why not risk a falling knife, I suppose. Looking at the chart you see this stock in a down trend since April and you can't tell if you have hit bottom yet. I hope you are right and we see 125 by June. I have my wife in this from 31.5. She sold a third of it at 91 in April. Now I want this to become the next DELL or CSCO or MSFT. I believe it has the potential.