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Technology Stocks : Read-Rite

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To: Yogi - Paul who wrote (4230)	11/4/1998 1:45:00 AM
From: FNS	of 5058

Yoga: Re:<<wanted to book a nice gain ..>> Congrats! Am still married to the stock since having ridden it down from 25, but have since picked up more at 8 and 11+. Anyhow, was tempted to bail out and buy back lower...but the chart and momentum in the sector is telling 'me' that it will slam into resistance around 12 1/2-15. Having survived a triple bottom at around 6 and broken out from a triple top around 10 tells me RDRT still has 'legs'. Should expect to get some profit taking in here but the trend is up. IMHO! My guess is that we'll see 15+ by mid Jan just prior to QTRLY EPS release date. The pop in WDC (along with QNTM and SEG) today is also very encouraging and positive for RDRT! FNS

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