Read-Rite Message Board - Msg: 14793828

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Technology Stocks : Read-Rite

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To: Zeev Hed who wrote (5003)	11/12/2000 11:38:49 PM
From: couldawoulda	of 5058

Yep - The market doesn't seem to want to cooperate as Nas futures are trading down -60 as I write this. 3000 will be penetrated and support for the Nas won't show up until 2863. As for RDRT, RSI continues to point towards the high fives for a bounce and it will likely just follow what the rest of the market does from here. Friday it showed surprising resiliency, but it is too bad the markets decided to tank particularly in the last half hour, or RDRT would have been a nice one to two day hold. The sector however that has RDRT, MXTR among others bottomed months ago and is performing fairly well in this market due to shortages and higher product pricing. I'll be joining you in the buying range you mentioned.

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