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Technology Stocks : Read-Rite

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To: T Bowl who wrote (3069)5/5/1998 11:28:00 AM
From: FNS   of 5058
 
Todd: Thanks for your input...and to others on this thread for their varied opinions. Have learned a lot - made a lot - lost a lot - and still learning!

RE; <<A quick review of the best, most reliable sources of info on a company IMO:>> and you might add to the list the actual stock trading activity, i.e.,technical analysis (TA) and management credibility/vision!

I bought ADPT last Friday and added 2K more RDRT yesterday on bad news...perhaps these will remain 'dead cats' for a while! Regardless, I have 2 comments/concerns.

1. How good is RDRT management? Internal lawsuits in the past, during
attempted buyout (APM/RDRT) stick in my gut...also not sure if they have sufficient vision and technical/marketing strategy to hang in!!! and recover! ( bailed out of Crisman(?)/APM at $34, jumping ship to RDRT! but I find this ship is still sinking! perhaps another Titanic!)
2. The stock price is near an all time 5 year low...now at close to the '96 double bottom.

Bottomline: Looks like a crap shoot! So roll the dice...the problem here is that the house never loses - and we all know that!

Your comments appreciated. Am holding for now.

FNS
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