Checksum: 48543 Path: utzoo!utgpu!lharris From: lharris@gpu.utcs.utoronto.ca (Leonard Harris) Date: Tue, 27-Jun-89 00:19:36 EDT Message-ID: <1989Jun27.001936.3226@gpu.utcs.utoronto.ca> Organization: University of Toronto Computing Services Newsgroups: comp.sys.atari.st Subject: Re: Atari stock (again) References: Reply-To: lharris@gpu.utcs.UUCP (Leonard Harris) In article Jon.Webb@cs.cmu.edu writes: >Well, it seems the most likely explanation for the recent rise in Atari >stock is interest in Atari's forthcoming products. To me, this is too >simple and pure; of course, if a company is introducing some new good >products, you should buy their stock. In the age of debt-ridden >takeovers, it's nice to see a company do well because of its products. > >We can expect the stock to continue to rise. A friend of mine told me >that his stockbroker recommended that he run out and buy Atari stock >this morning because of the new products. The stockbroker claimed Atari >will be selling at 20 or so in a year. If stockbrokers in Pittsburgh >have heard about this, you can expect that a lot of stockbrokers are >recommending this to their clients. > >-- J With the current economic conditions and state of the computer market I highly doubt Atari stock will ever trade at $20. Gone are the days of the Tramiels boosting the stock price up. Face it, Atari is just not competitive in the north american market, and I don't think european sale will reflect US stock prices. I'd sell at $9.00 (if it ever gets there) before the recession hits. /leonard