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Technology Stocks : Read-Rite
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To: Daniel who wrote (4833)12/28/1999 1:31:00 PM
From: Mark Madden  Read Replies (1) of 5058
 
I wonder if Read Rite's weakness is because of tax selling. Most stock owners can sell for a tax loss this year and cover with options until they can buy back next year.

Also, Read Rite had bank agreements until the end of the year. I haven't seen news on new agreements but they shouldn't be a problem with the qualifications and solidifying of the industry.

I guess we will hear it all in a few weeks if they have a conference call.

Regards,
Mark
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