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Technology Stocks : Hutchinson Technology, Inc.
HTCH 4.0000.0%Oct 6 5:00 PM EST

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To: Z Analyzer who wrote (1267)6/21/1999 8:33:00 PM
From: All Mtn Ski  Read Replies (1) of 1487
 
I am impressed with today's action. Most of the volume happened during the first 90 minutes, as all the big boys rushed to the door. I've been following this stock for a while and in watching the Market Maker's pricing, the first hour is the worst time (Usually) to either buy or sell this stock. Similar to other smaller issues, no doubt. As the market is a forward pricing mechanism, (Usually) I was not surprised to see HTCH stabilize, but up 1-7/8 for the close was. The leaked word about layoffs before last quarter drove the stock down from the high $30's or so, to the low $20's. Perhaps word of the re-hires and optimism going forward will push it back into the high $30's.

Definately a trading stock, the swings in earnings and the high fixed costs bode for a volatile stock.

Tom
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