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Technology Stocks : Read-Rite

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To: Denice who wrote (3852)8/3/1998 5:45:00 PM
From: Zeev Hed  Read Replies (2) of 5058
 
Denice, of those I own ASND, CSCO and CYMI. By the way, I bought CYMI just at todays closing price (or thereabout), but since then it did move to 19.25, I did not sell, because I "thought it had 20 to 22 in it. ASND I sold last Thursday and bought back on the Friday SRA induced panic. I still expect to do well in all three, I hope to sell CSCO above 105, ASND above 51 and CYMI (barelt hope) above 20 (VBG).

The way the market behave, my turnips might be ready to declare the beginning of a real bear (rather than just a minimelt to 8250/8350 on the Dow), but in truth, the indicators I am watching typically are that oversold at market bottoms not tops.

Zeev
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