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Technology Stocks : Read-Rite

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To: CPAMarty who wrote (3378)	6/1/1998 7:49:00 PM
From: NasdaqStud	Read Replies (2) of 5058

Today's price action, although still disappointing, was somewhat encouraging at the same time in that the stock retested the lows at 8 1/4 and held on very light volume. The RSI (Relative Strength Index) did not confirm the marginal new low set today. Although I am more concerned with fundamentals, the technical indicators may point to higher prices at least in the short term. As for fundamentals, I understand that Quantum is buying very little product today from its JV parnter MKE. This may be very bullish news for RDRT as they, IMO, are working very diligently to regain QNTMs confidence. I also believe that a qualification on the 2.8 platform is near. Good luck. the STUD!!

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