Read-Rite Message Board - Msg: 14172065

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Technology Stocks : Read-Rite

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To: Skywatcher who wrote (4910)	8/6/2000 5:14:46 PM
From: Zeev Hed	Read Replies (1) of 5058

Chris, I am impressed by RDRT's relative strength in recent sessions. What I cannot understand, is that move to fiber-optics. It sounds to me like a "Charlie Brown" tactics (their is no problem so big you cannot run away from). We have seen a similar tactic in SIII deserting the Graphics to concentrate in the Rio, and after a run to $20 or SIII is back where it started, and SIII has enough cash in the till to indeed launch a new business. I would have thought that RDRT would use its cash to defend its position (since it is not leaving the GMR business) rather than spread it self thin. In any event, whatever I think on a fundamental basis really does not count in face of strong technical action. The breakout of $3.25 three weeks ago and the breakout of $4 Friday sure looks intriguing from a technical point of view. Zeev

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