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Technology Stocks : Read-Rite

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To: Gottfried who wrote (4308)	11/19/1998 4:11:00 PM
From: ScatterShot	Read Replies (5) of 5058

Question to all: I've been holding RDRT for quite a while hoping it would come back closer to where it was when my broker (Olde) recommended I buy it. Twice now in the last 2 weeks he's called recommending I sell it at a loss because he (Olde) thinks it's overvalued now. The reasons he gives are that they are running out of cash and are not getting any product out. Has anyone had a similar call from their Olde broker? Does anyone care to comment on his reasoning. I'm certainly not in a hurry to sell at a loss, but if he's right.....?

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