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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)

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To: (Bob) Zumbrunnen who wrote (4007)10/18/2001 2:54:13 PM
From: (Bob) Zumbrunnen  Read Replies (1) of 4081
 
Did my first (of many?) small re-entry back into THDO today at $2.40. I'll just throw a bit of my trading profits that way from time to time.

It "seems" the worst is *finally* behind us on this one and it has at least a small chance of some success now, but I can recall no fewer than 6 times in the past 2 years it's "seemed" that way, only to result in major disappointment with the next earnings release. When I read that they expect the current quarter to be profitable, I took it with many large grains of salt.

That said, it's at least cheap enough right now that I don't mind picking up a little bit here and there on the off chance Trip can finally accomplish what he says he can. I don't plan to trade this one unless it moves too rapidly in one direction or the other. Currently, I'd be buying a larger trading position at anything below $2. At the current level, I'll just dip toes one at a time.
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