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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: grinder965 who wrote (26128)10/4/2003 3:43:36 PM
From: chowder   of 205983
 
Grinder,

RRI is in the price range that has the largest amount of overhead supply for those who bought last May when the price was rising. The price drop was so quick in June, most of those buyers froze as the price zipped right on down past their entry point. A lot of those folks will be glad to get out even as the price comes up to them. The price needs to clear 5.80 to get through this heavy zone of overhead supply.

The second heaviest price range for overhead resistance will be around 6.30 - 6.60

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