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Technology Stocks : Read-Rite

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To: CPAMarty who wrote (4292)	11/15/1998 1:56:00 AM
From: FNS	Read Replies (1) of 5058

Re: <IMHO, it will take significant good news like solid info regarding an increase in demand, or a qual at QNTM for HDD heads, agreements to supply GMR, etc. to move this stock past resistance at ~ $14>> I agree> Dumped my total position at around 13 seeing that the stock as getting tired and NAZ was bucking 1850. Further, the dd makers like SEG, WDC, and QNTM did have a nice run and have since faltered... I do think Christmas PC sales will help push the PC and DD makers higher... Hopefully, RDRT will base out a little lower and then move up. But IBM's big drive is disconcerting. Higher yield buy also some good business management and operational innovations would help! Will wait and see what happens! FNS

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