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Reply With Quotethe health of the company is not good so I don't see them going up for a while. 2.25 will be the resistence level.
Anyone following Raser (RZ)?
New member. Forgive me if this is in the wrong section, seems like most discussions here are on pharmaceuticals. I've been in & out of Raser for a couple years. I firmly believe in their technology - geothermal energy, but I'm having a bit of trouble understanding why their mediocre stock behaviour doesn't track their company successes when new plants go online. Any ideas?
the health of the company is not good so I don't see them going up for a while. 2.25 will be the resistence level.
here is the chart:
While the volume is unusually high in recent months, the insiders still seem to be buying and not selling. RZ has been forming a decent downtrend over the past 2.5 years, although I would wait for a rebound of around $3 before I would consider buying.
Last edited by TheStockDude; 07-26-2009 at 02:20 PM.
"Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
Raser is presenting at CapStone's Third Annual Small-Cap Investor Conference July 29. Any likelyhood (in generic terms) that will give them a bounce?
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