Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 181.54

+1.1%

Dec 26 9:30 AM EST

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To: Stitch who wrote (3778)	6/23/1998 5:59:00 PM
From: Gary Burton	Read Replies (1) of 9256

Decided to sell RDRT today at 8.88 for a marginal gain (bought at 8.38). I also suspect this may be a dead cat bounce. The TA software I use tells me it may well test 10 but it's too risky for my blood at the moment, given the outlook for the DD industry going forward into 2001 and RDRT's relatively poor balance sheet. I bought ASYT yesterday at 12.63 down from 49 and this one has over $6 in cash and no debt. I like the odds a lot more than RDRT----which of course begs the question of why bother with depressed DD type stocks with terrible balance sheets when one can buy some good semiequips down over 70% from the recent high and now showing cash at 25-50% of the stock price with no debt.

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