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Technology Stocks : Read-Rite
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To: Dennis R. Duke who wrote (4607)2/18/1999 4:20:00 PM
From: joshi   of 5058
 
Dennis, the only thing I can think of is that once the stock started dropping, the shorts jumped on the bandwagon. I think while this is oversold and should get a near term pop, it never should have been at 20. Not till there is more proof that it deserves to be there. Another blowout quarter should do it. In your case, I used to get in Margin calls all the time. Unfortunatly for me, it was part of the learning process. A good rule is that if the stock u buy is down from your buy price 3 days from when u buy it, sell it. Dont ask questions and dont say that it will come back. It might not! RDRT will be at 13by close tom or mon assuming that the NASD correction is almost over. We can hope. Good luck to ya. P.S. The brokers never think to look behind the TV. :-)
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