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


To: SBerglowe who wrote (3460)6/2/1999 6:35:00 PM
From: HECTOR RUBERT  Read Replies (3) | Respond to of 5843
 
Dear Longs,

Today's activity was very reasurring.....the rally we saw was nothing but SHORT covering due to no interest rate hike comments from Greenspan.

What I found reasurring was that the SHORT's set the support at 57 today. Meaning, the bleeding was held to 57. That said, we stand at 62 only few points from support.

With earnings a few weeks ahead...does anybody really believe we go lower? Come on.

Perspective: At 62 we are roughly 5 pts ABOVE set support of 57.

Perspective: At 62 we are roughly 61pts BELOW set high of 123.

Question is: 5pts risk........for the potential gain of 61pts?

You all know were I stand.

Best Regards,

Hector