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Non-Tech : Radica Games (RADA)
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To: Ron Harvey who wrote (1453)12/19/1997 9:46:00 PM
From: jerald morse  Read Replies (1) of 7111
 
Smells like a good old fashioned "bear run" to me. If these last few days weren't an example of the NASDAQ at its worst I don't know what they were. Why do you think Iomega wanted to move to the NYE as soon as it could? I don't know what the requirements are for listing on the big board but if Radica keeps growing cash at this rate it might make sense to make the switch and trade with those other two toy companies somewhere down the road. The company is under no obligation to try and prop up the share price at these levels but what I do think will make a huge difference, and what now makes perfect sense, is for one or more brokerage houses to initiate coverage with "buy" signals. This is now an easy story to sell to investors with a reasonable chance that the share price will be higher one year from today. I may be deluded but I think we'll get coverage around the time of the toy shows. The stock has been knocked back over 20% from its highs, the PE is absurd, hot products, blah blah. This is a no brainer for brokerage houses to sell. With coverage we get more acceptance and respect. With the carnage of the tech stocks as a backdrop Radica has got to seem like a refuge that some brokerage will be willing to try now that the price has been, shall we say, "marked down".
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