Maxtor (MXTR) Message Board

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Technology Stocks : Maxtor (MXTR)

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To: PJD who wrote (53)	1/25/1999 5:05:00 PM
From: kendall harmon	of 467

The following response to me is from the Yahoo thread: The suggestion that historically MXTR pull back to 50DMA after earning. I bought in last oct 28 when MXTR released earning of 8 cents, which beat estimate of 3 cents. I bought in at $9 1/2. MXTR did drop a fraction the next day but it was still way above the 50DMA. And proceeded to reach new high a few day after. If you have access to AOL quotes you can have a detailed look at the day-day chart for the period from oct 26 to lets say dec 1, 98 you'll see that MXTR never did pull back anywhere near the 50DMA. All techinical indications show that MXTR has a breaking out chart pattern as somebody has mentioned in earlier post. If the market is strong, I see MXTR tesing the new 52 week high in the next few days. Also agree with you the action on friday was a little overdone. Thanks and Good luck! From: allforbetter99

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