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Strategies & Market Trends : Three Amigos Stock Thread

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To: RCJIII who wrote (21474)	10/21/2000 6:53:15 PM
From: Sergio H	Read Replies (2) of 29382

<What about RDRT?> Robert, please take a look at my previuos post to Ken W. I like RDRT for the same reasons that I like WDC. Large block buying and sector turnaround attracted me to RDRT before WDC. Both RDRT and WDC received positive comments in the recent issue of Infrasture's newsletter, outlining reasons why the storage stocks are due to bounce out of their slump. What's going on specific to RDRT? They just announced that the are converting $200 million in convertibles, reducing debt but diluting earnings. There's a healthy short position on RDRT. I'm not sure if it's a bet that RDRT is not going to turn profitable or if the short position is a hedge. Look for news soon regarding RDRT's entry into the Optical arena. Co. is expected to outline their business strategy in this field and perhaps introduce new product concepts. Sergio

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