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Technology Stocks : RadiSys Corp

RSYS 1.720

+0.6%

Dec 11 4:00 PM EST

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To: Burt who wrote (627)	4/29/1997 10:38:00 PM
From: Gordon Strauss	of 1472

After reading the overwhelming earnings report by Radisys last Friday morning, I made the mistake of knee-jerking into a market buy at 9:31 AM in a company I knew nothing about. RSYS had understandably gapped 2 1/8. It turned out to be a tantrum kind of day for the market in general so I overlooked the RSYS decline and rode with it for awhile. Today WSJ posted some handsome new product articles which I was sure would provide some elevation relief. Wrong again. It was the same fast opening decline I had seen each of the past three trading mornings. I decided I'd seen enough of the action of these incredibly low-life market makers and bailed out. I dropped seven points in a two day position. I sold at 10 AM. The spread was 26 5/8 x 27 1/2. Within a couple minutes it was 27 1/2 x 27 3/4. Since the unfortunate moment I got into this position, I have seen the BID jerked around a half to one point at a time. Just a very few market sells of 1,000 shares or less each can rapidly cascade the price down. The average daily volume on this issue is such that the behavior of these market makers decrees they ought to be lined up behind the barn and shot. While this trade is not going on the trophy shelf as one of my all time cleverest, it did bring home some measure of what Levitt and Company at S.E.C. are up against. Their psudo-revolution with NASD has a long way to go. While the kind of liquidity that day traders like me bring to this issue may not be the kind that do much good to the ongoing odyssey of BUY and HOLD investors represented in this forum, I can well imagine that many investors with more meaningful liquidity are quickly spooked away after seeing just a few quotes. It is a sad tale because it appears that the quality of this company is such that it deserves a much better hand than the one it was dealt. Gordon Strauss Washington D.C.

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