>None of us are, but what I was trying to say was, maybe you see the negative more strongly than the positive.
You made the same point a little while ago, and I reluctantly hyped a stock just for you. You want more? I'd be happy to talk up my longs...
>You have great skills and I value your contributions a lot, but they are so often negative that it would seem there is never a good reason to buy when in fact we often see events like the last quarter were great opportunity and in general we (the thread in general) didn't pound the tables because we are so aware of the negative.
In my defense, last quarter was indeed a buying opportunity, but it was for the market in general, not just storage stocks. I was busy buying financial stocks, which I believed had the underlying fundamentals to stage a vigorous recovery, without end up being a sucker's rally.
>This is interesting because I believe many people buying stocks believe RDRT and APM are the only suppliers of heads for example. I believe the market in general is so poorly informed, the level of information we exchange puts us at disadvantage.
No way. Markets are efficient.
>I was sent a copy of Data Storage Review, a very comprehensive report on the Data Storage industry, and it had a direct quote from you.
What the hell? Someone's cribbing my notes again? Do tell.
>Hutch has a huge bet, but then they are like the gambling debts of Bill Gate's son. The bookmaker knows he won't have to break legs to get paid. Well, we know that Hutchinson is too important to the industry for them to go out of business.
You are quite correct. I didn't even notice that their stock price has already surpassed the conversion price. The debt, for all intents and purposes, is now equity.
>Wisdom would say either readjust your thinking to the illogic of the people buying these stocks, or move on to another sector. Judging by the drop in posts, I think many people have moved on. I have. I mostly follow the group as a hobby. From time to time, I'll see an event and trade it. I still hold Read Rite, but think it may be getting time to take a profit. Otherwise, I've sold all HDD stocks.
This is still a great sector, because there are always a few obvious plays out there.
Have a prosperous 99 everyone! |
