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To: Andrew H who wrote (10457)10/8/1998 9:23:00 PM
From: ChrisJP  Read Replies (1) | Respond to of 14347
 
>> Furthermore, we have an unusual situation here in which volume and price did not precede the news. <<

In retrospect we call all see that the conversion we experienced a week or 2 ago with no drop in price was in fact the hint that news was on its way (IMO and I posted my thoughts at the time). RNTK's price collapse before the news was due to investors collectively throwing in the towel after so many missed "deal dates".

Andrew, you have a right to feel vindicated about RNTK, but I would be very careful about calling Zeev names. The price of every other stock with convertibles he has warned about is a tiny fraction of the price it was when Zeev informed its SI thread. He has saved many people a lot of money.

Have some fun !! Go find a thread of a floorless stock and go back in time and read the thread posters wringing their hands and ask "Oh why, oh why is our beloved company's stock drizzling away ?", punctated by "Buying Opportunity !" or the ever popular "It can't possibly go any lower !". Read post after post as these people lost thousands upon thousands of dollars and lash out at anyone who tells them that maybe there's something wrong. DO IT RIGHT NOW !!! Start with the FTEL thread -- down 95% in 12 months. The true believers still haven't figured it out, and when told will not believe !

Regards,
Chris



To: Andrew H who wrote (10457)10/8/1998 10:10:00 PM
From: CYBERKEN  Read Replies (2) | Respond to of 14347
 
<<This is by far the single most important thing that could have happend for RNTK. It
should get about 1000 times easier now.>>

Yes, it's many times less speculative now that there has been an arm's length confirmation of the technology.

<<Furthermore, we have an unusual situation here in which volume and price did not
precede the news.>>

A real "fake-out" for sure. I sold about 2/3 of my vastly overweight position on this lack of normal indication that good news is near. Lessons in diversification are never wasted.

Now back to Earth a little:

1)This market has been punishing small stocks with great contracts for weeks now. SGII and HDIE are 2, and I'm sure that there are many more. That's why I'd be surprised to see a big pop tomorrow. The conditions just aren't right. That said, I have no doubt we will eventually see prices on RNTK that will make everyone happy. (Of course, I was THRILLED with 1 1/8 today!). I've raised a little cash and forwarded it to my broker (I'll sure miss having the wheels on my trailer. Guess I'll stay here a while.) We'll see if this NASDAQ insanity lasts a few more days.

2) As has been said before on the thread, we need to see the details of the deal to make any decent predictions. Up-front cash, milestones, royalty %'s. The sooner we can find out, the better. Don't anyone go to sleep on this stock.

With all that in mind, I think it was confirmed today that we have a winner. Again IMO.