SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Read-Rite
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alain Dubreuil who wrote (4530)1/23/1999 10:44:00 AM
From: Stitch  Read Replies (1) of 5058
 
FWIW here is a write up and recommendation for an options play on RDRT from the Options Investor Newletter:

RDRT - Read-Rite $18.93 *** Positive Earnings ***

Read-Rite is the world's #1 maker of magnetic recording heads used
in hard disk drives. It also makes thin-film magnetoresistive (MR)
tape heads used in quarter-inch cartridge tape drives. Read-Rite's
heads, which record and retrieve information from the surface of
computer disks, are sold to disk drive makers as head gimbal
assemblies (recording heads combined with suspension arms) or
headstack assemblies (modules of multiple-head gimbal assemblies).
Read-Rite is increasingly basing its products on high-capacity
technologies such as MR. Key customers include Western Digital
(its largest customer), Quantum, and Maxtor.

On Wednesday, the company posted a profit of $0.02 a share in the
fiscal first quarter. Analysts expected a loss of $0.17, according
to the consensus of six brokers polled by First Call. The company
also reported strong sequential growth in the quarter, with sales
up 31% from the third quarter. Some consolidation is in order but
the stock price looks poised for further upward movement.

PLAY (aggressive):

BUY CALL MAR-17.50 RDQ-CW OI=53 A=$3.25
SELL CALL FEB-20.00 RDQ-BD OI=2725 B=$1.12
NET DEBIT TARGET=$1.87 ROI TARGET=30%

Chart = quote.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News