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Resource America, Inc. Message Board

  • NoName_98_98 NoName_98_98 Aug 25, 1998 6:35 PM Flag

    Tomorrow REXI will open at 23

    Yes, it will open at 23.

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    • I have made more money timing short coverings
      than any other short term trading tactic. The volumn
      generated the last two days wasn't from longs selling and
      buying back at lower levels. Its from large short
      positions which will kill each other trying to cover thier
      positions once they realize they've slandered all the value
      out of this stock they can. I bought today at 3:55
      when it was obvious they couldn't push it much lower
      and it was rebounding on CNBC reports. Sure Tornado,
      Cendant and others have had accounting problems but nine
      out of ten stocks you shorts hype end up being
      manipulation and eventually recover. I'm looking for a five
      dollar pop and I'm gone to the next one.

      • 1 Reply to Leaptrader98
      • If I could stick it out today when it hit
        17
        tomorrow will be a breeze..
        JUST HANG TUFF
        EVERYONE.....
        The children will go away and find another
        playground..
        There is sooooo much more upside then downside from
        here.
        I am not even going to look at these boards until 4
        p.m. tomorrow.
        Because all they will try to do is
        wear you down and break your confidence.
        In fact I
        do not even think I will look at the price of the
        stock till 4 p.m.
        By Thursday/Friday this will just
        all be a bad memory IMHO..
        GOOD LUCK TO ALL LONGS.
        NO ONE IS GETTING MY SHARES TOMORROW.

    • I am a day trader and 90% of my trades are on
      movement rsi and pure tech. markers. I have been shorting
      following the momentum. Momentum has dried up, just to all
      the people shorting that has not covered, "your
      gonners". Last 30 min of trading today, I broke a major
      rule that is to keep a stock over night. I've bought
      4,500 shares in 4 block average 18 1/2 and I'm kicking
      myself for not buying more. I've just read the last 10Q
      and listened to the conference call and called a
      couple trading guys on the floor that just came home. My
      opinion only but this stock will trade higher on the open
      and will keep going up. No hoo ra, just business.


      TEKMAN

 
REXI
4.27+0.20(+4.91%)Feb 12 4:00 PMEST