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Non-Tech : HMT TECHNOLOGY - UNDISCOVERED YET!

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To: bob yahnke who wrote (1995)6/13/1998 12:46:00 PM
From: Bill Lin  Read Replies (1) of 2253
 
I'm just confused.

What the heck happened to the market dump Friday? I was expecting the limited volume to show a skewed market to the downside, then a Monday pickup rally.

Now, I think that Monday will rally, then fade like last week.

I think I agree with Bob about HMTT's pricing behavior in the next week or so. Lots of people nervous, not about earnings, but about forward guidance.

HMTT is being discounted for a $0.15 quarter next quarter, and maybe $1.00 for next year.

If it can show that it is cash flow positive, and will be hugely cash flow positive going forward, then there will be substantial upside. If they are still buying equipment, then we may see more downside. (more than the 2 contracted for this qtr)

I would not mind a retest of the 9.25 level. I missed that.

SEG and QNTM did rally back from the depth, however.

BL
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