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Technology Stocks : Read-Rite

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To: Frodo Baxter who wrote (4315)	11/22/1998 9:57:00 AM
From: CPAMarty	Read Replies (2) of 5058

Lawrence, we know that you don't believe in TA, how about astrology? The planets are aligning. by: akibono over at Yahoo This happens once in awhile in stocks where you can see several positive reinforcing factors happen at the same time. Usually this results in an explosive price rise. First, the drive cos. that have been migratating away from RDRT are starting to return. Second, the drive industry in general is improving. Third, a tech transition appears to leave RDRT in front at a critical time. Fourth, RDRT has completed a major restructuring with dramatic productivity improvements. Athough there is no assurance this will result in success, it appears there is a good chance the supernova will explode.

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