Maxtor (MXTR) Message Board

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Technology Stocks : Maxtor (MXTR)

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To: Big Dog who wrote (361)	12/13/1999 10:55:00 AM
From: James Calladine	Read Replies (2) of 467

STOCK ACTION: I continually misread the stock action in MXTR, regularly coming to the conclusion that it has formed a base (where it is at a given time). Then it goes LOWER. Whatever the forces are that are moving MXTR lower (tax selling? future bad news? market manipulation?), it is clear that they are formidable. It now looks to me that it will test its previous lows, or maybe form another low somewhere south of $5. Averaging down has never worked for me so I am just prepared to wait till earnings time and see where the stock is then. But it should be a good trading play from $5-7 or so, relatively safely. How do others see it? Best wishes, Jim

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