3SOF

4.50 area looks like a great entry for a swing play....it is oversold and a bounce is inevitable imo

RNIN looks like we have an oversold bounce play forming...i anticipate a short squeeze, especially on the news today...

http://biz.yahoo.com/prnews/071009/aqtu072.html?.v=24
MINNEAPOLIS, Oct. 9 /PRNewswire-FirstCall/ -- Wireless Ronin Technologies, Inc. (Nasdaq: RNIN - News), a Minneapolis-based digital signage technology & software provider, announced today that Chrysler Canada is testing its interactive digital signage program using RoninCast® software. The RoninCast digital signage system is integrated into the existing Chrysler Canada Vehicle Information Center (VIC) interactive kiosk program in showrooms and service departments. The RoninCast solution provides up-to-date information and benefits of Chrysler vehicles to consumers and provides sales support utilizing 50 inch touch screen monitors. The initial test involves ten dealers across Canada. Contingent upon a successful test, Chrysler Canada plans to roll-out the program nationally in 2008.

Looks like the downside if very limited in this trade with 4-5 times more of the upside potential. I like the chart, no doubt, but whats your first target on this? The gap fill area is around 5.70, and would you place your stops below Monday's lows? I will likely be establishing a position in this today and adding later this week. Looks like a climactic sell-off with a bunch of shorts ready to cash in.

http://stockcharts.com/h-sc/ui?s=RNIN&p=D&yr=0&mn=6&dy=0&id=p56649441889