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


To: Bonzo who wrote (4097)7/28/1998 12:27:00 AM
From: michael liu  Read Replies (1) | Respond to of 4335
 
Joe, I am brave than you. I am in today. I think
this stock will have a quick rebound after earning
release. Shorts will cover because OAKT is truly
undervalued in term of its asset. I now just want
to see their cash and short investment from earning.
However, I do expect that they will have a significant
loss this Q. $3.00 - $3.50 is definitely a good price
to get in. I will double my position if it dips below
this level which it is unlikely to happen. (Strong
support at $3.00). Shorts tried today and last Friday.



Michael