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Technology Stocks : Read-Rite
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To: Dennis R. Duke who wrote (3601)6/30/1998 1:56:00 PM
From: William Wang  Read Replies (2) of 5058
 
NO, I didn't buy back yet. I am very bullish on RDRT but just looking for a good re-entry point. If you look at RDRT's chart, it still has a lower low & lower high along with RSI greater than 80, a classic downward pattern.

I believe we are going to see a double bottom before RDRT starts to move up. With all the good news has priced in and RDRT is in quite period, I would rather wait couple of more days.

What do you think ?
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