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Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Call who wrote (3812)7/30/1998 12:27:00 PM
From: Gauguin  Respond to of 5058
 
Quasi-amateur opinion: Sometimes "they" smack a stock off the bottom, on purpose, just to get it started back up. I could attempt to present this idea more technically, and "who" I'm talking about (not a specific individual or group) ~ but the gist is the same. This can have a very positive effect, overall. And it's to be expected, actually. Sort of inevitable.

Another possibility is that RDRT is going under, but that is pretty near impossible to believe. Komag and APM, yes; but even though RDRT stinks at some mgmt things, the DD world needs them, and will have to settle for them.

Would appreciate any disagreements.



To: Jeff Call who wrote (3812)7/30/1998 1:40:00 PM
From: TimKP  Read Replies (2) | Respond to of 5058
 
Yes, another Read Rong day. Based on the last two quarters, and assuming losses continue at the same rate (which is more than likely), how many quarters before they burn all the cash? Anyone know?

As for the bottom, I am no rocket scientist, but I imagine the lower boundary is zero.