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Technology Stocks : Read-Rite

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To: Stitch who wrote (4039)9/18/1998 11:54:00 AM
From: Mark Oliver  Read Replies (1) of 5058
 
Looking at the past, would you say there will be enough significant announcements at Diskcon next week to give some strength to storage stocks?

If as it appears, RDRT has some good advancements in head technology, will we see some renewed interest here, or is it too complicated for the analysts to understand?

I get the impression inventory is down, sales are up for the last couple weeks, and we should see some sequential growth for Sept and hopefully DEC. Would you agree?

Looking at open interest for options, I see what could be high enough numbers for January puts and calls to push prices up to $10+, which would also time well for buying in the new year should confidence in general get a little renewal.

cboe.pcquote.com

If RDRT could get a contract with SEG, and make some promising announcements on technology that could challenge IBM's GMR, it might be an interesting time to buy looking at a modest goal of $10 buy January.

In the mean time, we probaby stand the risk that people are still taking losses with the hope of getting back in later? So, these announcements if any will be very important. Surely Cyril is also worried about this and wants his stock up.

Can you tell me the current status on whether Gottfried is allowed buy?

Regards,

Mark
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