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Strategies & Market Trends : The Good-The Bad and The Ugly
MAGS 63.19-0.6%Feb 11 4:00 PM EST

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To: Jane4IceCream who wrote (796)8/18/2000 9:19:16 AM
From: Bill on the Hill  Read Replies (2) of 8686
 
Rumored fibre play

RDRT - Read Rite CP Currently 5 1/8 in premarket.

Bought last week at 3 3/4 when I heard rumblings of new fibre equipment they may have. Since then rumors have been hard to locate or substantiate but on two different afternoons the volume exploded. Last week it was good volume but yesterday evening at 3 pm the volume exploded and this closed high into close of market.

Not recommending but the rumor is there and so is the volume.
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