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

To: Gottfried who wrote (4308)	11/19/1998 4:11:00 PM
From: ScatterShot	Read Replies (5) \| Respond to of 5058

Question to all: I've been holding RDRT for quite a while hoping it would come back closer to where it was when my broker (Olde) recommended I buy it. Twice now in the last 2 weeks he's called recommending I sell it at a loss because he (Olde) thinks it's overvalued now. The reasons he gives are that they are running out of cash and are not getting any product out. Has anyone had a similar call from their Olde broker? Does anyone care to comment on his reasoning. I'm certainly not in a hurry to sell at a loss, but if he's right.....?

To: Gottfried who wrote (4308)	11/20/1998 6:25:00 AM
From: LK2	Read Replies (1) \| Respond to of 5058

GM, RE--APM high % short interest. APM has had a massive short position for a long time. One theory/explanation for the large short position is that it's related to the APM convertible bond issue. Most of the short position was established at least 1 1/2 years ago, maybe longer. Lawrence Kam posted an explanation for the short position on one of the APM threads, how he thinks the mutual funds/hedge funds/whatever are using the short position. When APM was in the 20's and 30's, a lot of posters thought the huge short position could lead to a short squeeze, and we'd all make a lot of money. It didn't turn out that way. And I'm just guessing, but I think that the short position didn't drop very much even after APM dropped to 15, 10, 5, and lower. Regards, Larry