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dadonnum1
Joined: 07 Feb 2006
Posts: 7
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 Posted: Sat Apr 22, 2006 5:32 pm Post subject: question for board |
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| Anyone have any thoughts on RNWK, has been going up for a while. I feel its ready to be shorted. All signs say its overbought, but yet it keeps going up, level 2 is very tight too. Does anyone follow this stock or have some insight? |
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Bookworm
Joined: 29 Dec 2005
Posts: 71
Location: Lubbock, TX
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| Posted: Sat Apr 22, 2006 6:11 pm Post subject: |
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dadonnum1:
In looking at the chart, I wouldn't short it here for the world! It has been going up rather nicely and steadily out of a good, long base. Yes, it pulled back on 4/21, but I'd not short it until it decisively broke the 20 day moving average. Even then, I'd be really nimble.
This actually looks like a time to be buying it to me.
Peace and all good,
Bookworm |
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russjackel
Joined: 16 Sep 2005
Posts: 59
Location: niantic ct
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| Posted: Sat Apr 22, 2006 7:21 pm Post subject: |
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I just sold out friday at 10.39 bought at 8.40 for what it is worth. but I also agree that I do not feel it is a short at this time and I sold to lock in my profits. but then again what do I know.  |
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dadonnum1
Joined: 07 Feb 2006
Posts: 7
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| Posted: Sat Apr 22, 2006 7:35 pm Post subject: |
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| thanks for all your thoughts... |
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