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Technology Stocks : Read-Rite

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To: Dennis R. Duke who wrote (4534)1/25/1999 4:33:00 PM
From: Stitch  Read Replies (1) of 5058
 
Dennis,

I am just not sure what to say to you. I fear you were emotionally edged out too soon to recover your position and then rushed back in at a point that likely did not make sense as an entry point. I honestly do not know if RDRT is being punished for something I do not understand or not. Like you I felt they had made significant progress towards recovery but also felt they still had a long way to go. This murkiness is one reason I am not in the stock either way at this point. I am also unsure about HMTT and Komag. In general I think the component guys are still dangerous but offer some opportunities for short term trading when they bounce off either side of resistance. The problem, of course, is seeing those points in advance. I think I will likely not be in them until next quarter.
Best,
Stitch
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