Diamond Multimedia (DIMD) Message Board

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Technology Stocks : Diamond Multimedia (DIMD)

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To: Marshall who wrote (68)	9/22/1996 2:56:00 PM
From: Mark The Trader	of 99

Marshall the increase in the option price does not mean "a pretty good indication of something to come down the road" . If I recall Diamond was up to almost $ 12 a share and considering the upward trend the stock had last week along with 4 months till that option expires I would say that there is nothing out of the norm. You can read this current Tech rally in 2 ways: 1) It is a real rally and 3rd quarter earnings will be overlooked because of the potential for Q4 and 1997. 2) Its a sucker rally , and a lot of distribution is going on. Just remember what happened in May and June. Diamond was very undervalued when it was $ 6 to $ 8 a share, they have around $ 6 a share in cash , and price to sales ratio was very low. Also their book value is something around $ 6. Forget about worrying about the cash being eaten up by the law suit, they usually are settled for much less (usually around 10% of the original amount). And finally without sounding like a broken record, we are going into the best time of the year for techs, they are forecasting strong pc sales this year and 15 % growth next year. Mark

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