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.
Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (201)11/7/1997 9:27:00 AM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
TO ALL - This is going to be nasty day in the markets. I don't see much chance of a bounce-back recovery with the employment numbers way over expectations and the Japanese threatening to sell a lot of their stock there.

I just put in orders to short small amounts of YHOO, AMZN, NSPK, RMDY and YURI. AMZN and YHOO shares will be hard to get but the other three have very low short interest relative to the float. Still short CDRD and ZITL, too.

Hopefully we can make some money on a down day.

Hang on, it's going to be a wild ride...



To: Dale Baker who wrote (201)11/7/1997 1:00:00 PM
From: MENSORespond to of 118717
 
>>> thanks for the update, Leo. I hope ROMT turns out well <<<

Thanks, Dale. BTW, a new support level for ROMT appears to be developing at ~$2 per share. I would not be surprised if it was trading in the $3 to $4 range by early January. But of course only time will tell. I'll keep you posted if you like. Thanks again.



To: Dale Baker who wrote (201)11/24/1997 7:56:00 PM
From: MENSORead Replies (1) | Respond to of 118717
 
>>> thanks for the update, Leo. I hope ROMT turns out well for you <<<

ROMTECH UPDATE

On October 28, 1997, the company's Chief Financial Officer (CFO), Gerald Klein, bought an additional 25,000 shares at a price of $2.00 per share. Two weeks later, on November 13, 1997, the company issued a press release stating that the company expects RECORD results during the second quarter of Fiscal 1998 -- ending December 31, 1997. In the press release, RomTech said it expects seasonal opportunities to enable revenue for the first half of Fiscal 1998, ending December 31,
to MATCH revenues for the ENTIRE Fiscal 1997.

The company said its goal of DOUBLING revenues in fiscal 1998 to more than $8 million was based on the success of its Galaxy products. Not long ago the company had issued a press release stating that it expects to report EPS of $0.20 during fiscal 1998.

This would seem to indicate, based on average P/E ratios for the software industry, that within a few months ROMT could be trading as high $6 to $8 per share even thought it currently can still be bought for $2 to $2 1/2 per share.

Here is a link to the new RomTech thread ===>

exchange2000.com