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Radware Ltd. (RDWR) Message Board

  • runlong_1999 runlong_1999 Nov 17, 1999 1:54 PM Flag

    Market's Future?

    Normally, I don't pay a whole lot of attention to
    what the overall market is doing. But as a RDWR long,
    I think the market will have an impact on RDWR's
    performance over the next 6 weeks. If the market rallies, I
    think RDWR will. If the market corrects, I think RDWR
    could test its mid-30's support.

    Unfortunately,
    I am not much of a market level technician. My
    question is therefore to any TA expert out there: what
    does your TA tell you about the NASDAQ in the short
    term? I thought a lot of things point to a rally
    (particulaly with interest rate issues behind us), but with
    the index up around 50% year to date already, I'm not
    so sure.

    Thanks.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Don�t even think about selling your RDWR, not at this price.
      If you cannot stand short term volatility just close the PC. Open it again in January, you will have a great surprise

    • with the nasdaq in record territory for the past
      2 weeks or so, i dont believe theres any ta tool
      that will give u any insight to its future
      behaviour...thats the problem with tech analysis...no one has ever
      sold at the high or bought at a bottom based on tech
      analysis..at these extremes its a futile exercise..my own
      opinion is that the mkt has been grossly overbought for a
      week or so and its due a correction..whether the
      correction will come sonner or later- no one knows...for me-
      im fully hedged and not in rdwr..i sit on the
      sideline and wait to pick it up around 40 or lower
      depending on mkt conditions..if the mkt deteriorates i
      think ure absolutely right we would be able to buy rdwr
      around 30 and maybe lower.

 
RDWR
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