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 : Analysis Class for Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Robert F. Newton who wrote (897)6/12/1998 8:40:00 PM
From: TT  Read Replies (1) | Respond to of 1471
 
Bob, not that you know me....

but I thought I'll take my best Shoot @ your Selection.
I wouldn't touch RDRT with a 10' pole, @ least for a while.

APM, if it doesn't go any lower than $ 4.5 and opens higher
you might make a quick $1.00, top $ 2.00. But beware that it might
do a fake on you and be ready to get out if it goes bellow $ 4.5.
Then easily could go down to $ 2.00 range.
Just my 2.

Julius



To: Robert F. Newton who wrote (897)6/13/1998 3:47:00 PM
From: Les H  Read Replies (1) | Respond to of 1471
 
If you want to bottomfish the disk drives or semiconductor stocks, roll back in the time machine to June/July 1996. The problem then was Korea, Taiwan, and Phillipines flooding the US market with excess supply of DRAMs, SRAMs, and other commodity chips. Falling prices in the tech hardware sector. Then look at the chart of SEG, WDC, QNTM and when they bottomed. Next come the component suppliers INVX, UTR, RDRT, APM, KMAG. When the earnings reports come out, the better managed companies like SEG will lead. But not until the risk of disappointment is over will new substantial buyers step in. You can go back to the other lows since then for SEG --- they were set during the earnings reporting month.



To: Robert F. Newton who wrote (897)6/15/1998 9:23:00 PM
From: Trader X  Read Replies (1) | Respond to of 1471
 
re RDRT: I think the falling knife got stuck in someone.

I had to go as far back as possible, and that was '92 on RDRT to see where support might be.

chart4.bigcharts.com:80/report?r=chart&onbad=badsymbo...

RDRT made a brand new all time low last week! With that in mind, I would thing it's already as low as it will get. I also think it'll be many months before it gets back on it's feet price-wise. And there's a 33% - 50% chance it will go lower still.

Not a great bet, but not a bad one either if you cut the risk with a tight stop-loss. Talk about momentum, this one has lots of downward MO.

Trader X