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Technology Stocks : Read-Rite

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To: Judy who wrote (3915)	8/7/1998 6:43:00 PM
From: Dennis R. Duke	of 5058

Huh, holding on a day after a 30% plus gain day? Could that be a good thing? Especially on a summer friday, when the traders pull their dollars and usually drive the market down. The visitation of a short with a strong voice? Another sign of a bottom? Huh, I wonder if this is about to take-off on one or many of those 9 qualification that were in process according to management in the last Conference Call? What to do...Bought today at $7.25!!! Count days people, (sorry, could be that I am a CFO type who knows when reports are due) last quarter's Form 10-Q will be due by Friday. You want to bet they got the covanent issue covered by then? I expect the report will be full of conservative comments, but I also expect that the banks will be happy and the debt cloud will be lifted. I want to go back to $12, I'll take $10, by the end of next week!!! Dennis

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