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Radware Ltd. (RDWR) Message Board

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  • runlong_1999 runlong_1999 Dec 8, 1999 11:15 AM Flag

    excuse me, but...

    I'm not much of a TA follower, but I made a few
    observations the last few days and wanted to get a TA guru's
    take on them.

    RDWR has made serveral "cycles"
    between the low $40's and the upper $40's (on which the
    radwarebear claims to hit just about every time with his
    shorting). During the last one, however, I noticed two
    things. First, the low was not as low. I think it just
    dropped to $43+ this time. Second, the rise we're
    experiencing now was almost immediately after the low (whereas
    in the past RDWR hung around the low for at least a
    few days).

    Of course, today we have the added
    postive that we broke through the $50 barrier. I assume
    this is only positive if we hold there for the

    From a TA standpoint, how positive are these
    developments? I guess in conjuction with this, I'd like to ask
    if TA theory can even be applied to a relatively new
    stock like RDWR.

    For what it's worth, I think
    RDWR is facing the same thing ZOOX did for awhile.
    Yes, I know they are in completely different markets,
    but my point is, after a high flying start, ZOOX got
    in Wall St.'s doghouse. Once in, it takes awhile to
    get out. But after doing the same thing RDWR is doing
    now (up and down in a trading range), ZOOX broke out
    of its $48-$60 range and within 10 days was over
    $80. I think Wall St. will recognize the value of RDWR
    and respond accordingly.

    To the shorts, if you
    have made money lately in RDWR, congratulations, you
    made a good call. But I think you may have to find a
    new target now.

    Good luck all.

11.06+0.13(+1.19%)Jun 29 4:00 PMEDT