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Technology Stocks : Oak Technology (OAKT) -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (3690)12/3/1997 6:44:00 PM
From: Lindsey R. Spencer  Read Replies (2) | Respond to of 4335
 
GWM, your rational for buying this stock is very inspiring. But as the wise one once said, "it's down for a reason". I have never seen a stock sink, sink like this one and display incredible numbers as in your post. Should this stock touch 6 it could easily hit 12 in Jan.,
that would be a quick double of your investment. (It would seem reasonable for it to do that, too) Why does this thing stay so weak? Is it the potential law suit, obsolete products that will drive the co into bankruptcy, crooks at the helm. Anyone know how the insiders are buying and selling? I would suppose the litigation is keeping suitors at bay. New low today, that means buying tomorrow. This stock is setting up for it's next rally.



To: WTSherman who wrote (3690)12/3/1997 7:45:00 PM
From: Sparky65  Read Replies (1) | Respond to of 4335
 
GWM, I personally think that Oakt is a good buy at this point. I do believe that it will probably go to $7 and maybe even $6 1/2. I did sell a bunch of shares at $8 the other day at a loss hoing that it would continue to go down like it is. I will buy back the shares I sold probably tomorrow. But, regardless, you won't see much movement in thsi stock upward until at least January.


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