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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: in_cog_nito who wrote (21872)	11/8/2000 9:52:44 PM
From: Ken W	Respond to of 29382

ICN; I'm trying to figure out which is more wound up...RDRT, WDC or you <GGGG> Now, don't get pissed I'm just teasing. The RDRT news with MXTR is good. We will have to see what happens tomorrow as the news was met with, basically, a yawn. The stock swings so hard that many are getting leary of the stock. Guys like you and me like it, but it is risky. The potential for above 10 in the near term is a given. WDC is becoming a value play. As you know WDC is RDRT's largest customer so they will go hand in hand. MXTR is fast becoming the larger of the disk drive companies with their recent purchase. Now the question is....who is the next to consolidate within the sector. Ken

To: in_cog_nito who wrote (21872)	11/10/2000 9:19:49 AM
From: Sergio H	Respond to of 29382

Good morning In. I agree with you. Stocks are swimming upstream while the presidential election remains unsettled. DRS started the day off well yesterday with two large block buys which ended up accounting for most of the day's volume. lol I like this stock very much and will hold on. PRMX just announced buyout. Expect much more consolidation in the defense industry. DRS recently turned down a buyout offer. AH gap not filled yet. I'm planning to pick up some trading shares at 15 3/4. Earnings are due on Monday. AH won't dissapoint. WDC and RDRT are turnaround candidates trying to enter new product niches. They won't perform well when the market is sour. For yesterday's session, WDC's large block money flow remained positive while RDRT's was negative. Interesting piece earlier this week on RDRT: techweb.com READ-RITE -- A maker of heads for disk drives, Read-Rite Corp. (stock: RDRT) has generated a lot of investor excitement with the launch of its Scion Photonics division, which is developing optical wafers for fiber-optic networks. Between early July and early October, the Fremont, Calif., company's stock soared, from 2 to 12. And despite a recent pullback, that has been enough to make Read-Rite No. 1 in its industry group in the value of economic goodwill. Yet the company ranks near the bottom, in 22nd place overall, in terms of CRN's five financial criteria. What's more, the first Scion products aren't due out until sometime next year, leaving the jury out on whether that division will provide the expected boost to the bottom line, analysts said. Read-Rite couldn't be reached for comment. Sergio