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Technology Stocks : Read-Rite

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To: Bocor who wrote (5005)11/17/2000 9:21:53 PM
From: Zeev Hed  Read Replies (1) of 5058
 
Yes, this bit of news does look good. But, technically speaking, the stock broke down. there is some residual resistance at the $5 area due to the August breakout, but one should be very careful with the stock from here on. It has to close above $6.25, IMTO to have a semblance of bullishness return to it. I got out today at $6 and mat reenter if it breaks back to $5 without breach or closes above $6.25.

Zeev
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