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Technology Stocks : Read-Rite
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To: CPAMarty who wrote (4459)12/26/1998 8:53:00 PM
From: Gottfried  Read Replies (1) of 5058
 
Marty, re >>Maxtor's 17.2 GB drive made the first page of Investor's Business Daily 12/24/98 issue<<

I take a dim view of anything featured by IBD. The reason is: they
praised the whole oil service [OS] sector on Nov 11.1997, a few days before the stocks started their descent. It may be different with the Maxtor item, but I would not accept IBD's enthusiasm without some very careful double-checking.

I summarized IBD's OS fiasco here...
techstocks.com

Gottfried
I've stopped reading IBD.
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