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Technology Stocks : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?

To: Timothy Detjens who wrote (2002)	4/20/1999 3:04:00 PM
From: Pete Mason	Read Replies (1) \| Respond to of 2443

Yup, it will be interesting to see the quarterly numbers, and the quarter after that will be even more interesting... assuming that a lot of the channel stuffing will probably not make itself evident until that quarter. What I like to do with evaluation is just pretend they had a profitable hardware business, along the lines of LOGIY for example, and apply similar multiples. Last time I ran those numbers I think TMSR came out around seven dollars a share. Now if you take into consideration they are losing money rather than making it, and have a multi-quarter run of seriously declining revenues with the exception of the current one, it makes sense to lop off a couple more dollars to get to a five dollar stock. A lot's riding on TalkNPlay, and I can't come up with any other conclusion that it's a complete joke!!! How long will no one have to use it before that fact's reflected in the stock price? Don't know, but it won't be forever... -- Pete

To: Timothy Detjens who wrote (2002)	4/20/1999 3:08:00 PM
From: Pete Mason	Read Replies (2) \| Respond to of 2443

Oh one other thing... the daily action on TMSR reminds me of another stock I'm short, ZONA. Like TMSR, ZONA began to soar just after I shorted it, from the high teens all the way into the thirties. When it finally slid back, it did this a few times: intraday price would drop sharply--several points--then climb back up to end the day largely unchanged. But four or five days later, the stock price would end up at the low point on the wierd intraday chart. So it would drop from 32 to 28 in an hour, on fairly low volume, then end the day back around 32... but a week later, sure enough it would be stuck around 28. It did it about three times that I caught. Don't know what that means, but TMSR's been doing the same thing since about a week ago. Drops from 22, say, down to 18 in a big hurry, then crawls back to 21 or so... maybe this thing's starting to crumble like ZONA finally did?? -- Pete