Thrustmaster (NASDAQ:TMSR) Message Board

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Technology Stocks : Thrustmaster (NASDAQ:TMSR)

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To: Pete Mason who wrote (1912)	3/5/1999 2:21:00 PM
From: RGM	Read Replies (1) of 2443

Yep - Your interpretation is the same as mine. Bluntly speaking - this stock is heading south during the next couple of weeks. I don't know what their burn rate on cash is, but working capital at this time may be a concern. Maybe over the weekend, I'll get into their financials to see if receivables, inventory and other expenses may be causing a working capital problem. Irrespective of cash needs, technical chart analysis will verify their downtrend cycle. In my opinion, short term TMSR is heading to a support level of around $10 a share. It's just a matter if it is worth shorting in the $11 range to get to $10 during the next couple of weeks. VDAT is similar to TMSR except they have the internet associated with their business and they developing MPEG 4 compression and video streaming technology, which are very hot. Unfortunately, they love to spend money and don't appear to know how to make a profit. VDAT has over 10% of their float in short positions so I was not able to borrow a couple of thousand shares to short this morning. I also cancelled my TMSR short order this morning because my target price was at least $12 or more a share. Another negative for me was TMSR's pathetical low daily volume. I prefer to short overpriced stocks with high betas and higher daily volume. Right now I am mulling if I am made a mistake in purchasing 2K shares of CPU at 6.33. I remember a couple of years ago when CPU was around 8 due to inventory problems. These guys in Texas were shrewd in turning around that problem and purchasing a ton of their stock at those depressed prices. I am wondering if the cycle will repeat itself as they have a franchisee as the largest computer specialty retailer. The bottom line question is this company going to go down the toilet because of the internet. Does history repeat itself? Anyway, I think Monday will be a better day for shorting than today. Rob

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