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Technology Stocks : Diamond Multimedia -- Ignore unavailable to you. Want to Upgrade?


To: TWICK who wrote (3824)11/23/1998 5:23:00 PM
From: Matt Kaarlela  Respond to of 4679
 
Can you say RIO-Plus? Maybe we'll see it next Christmas... Digital cameras should really drive removable flash memory prices down by then.

My biggest fear is that the lurking giant (starts with S) might decide to flood the market with cheaper RIO clones as a reminder to other small companies with big ideas. Hopefully S's R&D team is too busy figuring out how to make their own cheezy disc win to consider beating DIMD at their own game.



To: TWICK who wrote (3824)11/23/1998 6:42:00 PM
From: Troll  Read Replies (2) | Respond to of 4679
 
Bad News - Selling out!!

I talked to some employees tonight. They were joking about the increase in price and that they were all selling out. They felt that the news was not that exciting and that the stock just got caught up with the tech frenzy. I bought today and expect to get out tomorrow...hopefully before the insiders!! Also, they realize that their technology is not where it should be and might never reach their goals. They were pleased with the progress but felt they were quite a while away from making money. After calling my broker, I ws told stock is not shortable....shucks. I believe puts are available though..and I'll ride the stock down to $5. Hopefully, I'll be able to sell out above $6, but I doubt it. I'll sell at the open just to make sure it doesn't crash like the other one day wonders have recently. Anybody else know anything? Good news?