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 -- Ignore unavailable to you. Want to Upgrade?


To: William Wang who wrote (3437)6/5/1998 4:59:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 5058
 
19 different blocks (10,000shs or over) with none of them crosses (back to back in same minute). Churning at the bottom and ending on a net uptick from the opening trade is a positive sign. If this follows through next week, the tide will likely turn ---to the chagrin of all the bears and shorts who of course know no more than the buyers. If there is positive news of a qual or 2, the shorts will likely panic That's what makes a mkt. At the bottom, the bears are screaming for blood based on all the negative news and potential risks (which is of course well known by everyone by now) and the bulls or flippers looking for a pop say "yes i know all that".So, in the absence of immediate news, the stock churns while forming a base from which to move higher. The positive divergences between price and indicators remain and are signalling that the stock is on the verge of turning with first test being 10. Just my 2c



To: William Wang who wrote (3437)6/6/1998 12:16:00 AM
From: Donald Isenhower  Read Replies (2) | Respond to of 5058
 
WW I have question. Where did you get the information on the MM that were buying? (and no, this is NOT a question of your veracity, but is a question from an ignorant amateur who would like to be able to figure this out and do the same thing for a couple of other stocks such as APM, AMSC, NANX, SRM, BBA, and ASYT).

An interesting point is the Dow Jones article that I have attached a portion of below (ran June 4, I believe):

------- snip --------

Hyundai Electronics Unit Files Initial $575M Of Stock

Dow Jones Newswires

WASHINGTON -- Disk-drive maker Maxtor Corp., a unit of Hyundai Electronics Industries Co., filed an initial public offering valued at $575 million.

In a filing with the Securities and Exchange Commission, the Milpitas, Calif., company didn't specify how many shares would be sold. The stock will be offered to both U.S. and international
investors.

Underwriters include Solomon Smith Barney, Hambrecht & Quist, Lehman Brothers, Merrill Lynch & Co. and NationsBanc Montgomery Securities.
---------snip-------

Article goes on to say that some will be sold by Hyundai and that $225.5 million will be used to repay debts. I just find it interesting that Hambrecht&Quist, Lehman Brothers, and Merrill Lynch are common to both and Maxtor certainly could be a customer for RDRT or APM.

Are these coincidences or do they actually mean something for us?

Donald