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Revolutionizing Investor Psychology
 
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dadonnum1



Joined: 07 Feb 2006
Posts: 7

PostPosted: Sat Apr 22, 2006 5:32 pm    Post subject: question for board Reply with quote

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

PostPosted: Sat Apr 22, 2006 6:11 pm    Post subject: Reply with quote

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

PostPosted: Sat Apr 22, 2006 7:21 pm    Post subject: Reply with quote

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. Embarassed
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dadonnum1



Joined: 07 Feb 2006
Posts: 7

PostPosted: Sat Apr 22, 2006 7:35 pm    Post subject: Reply with quote

thanks for all your thoughts...
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