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Technology Stocks : Read-Rite

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To: CPAMarty who wrote (4716)4/8/1999 11:59:00 PM
From: Dennis R. Duke  Read Replies (3) of 5058
 
As of today I am completely out of RDRT. May think about it upon a serious GMR announcement or a visit into the high $4's or low $5's. This one has cost me the farm. Doubled down on margin at $12 5/16th. Crippled and bearly able to walk out of the bar...he leaves with what is left of his ego (which ain't much).

AOL gave me a $1,000 today. It felt good to be in the black for the first time in a couple of months, (which just happens to have begun when I bought RDRT). Now if I can do that 235 times I will recover what RDRT cost me.

I'd like to thank RDRT's Investor Relations department for not returning my calls. The information I did not get was very helpful in determining to leave this stock. Keep treating shareholders that way and maybe Cyril will be the only one holding any stock.

This is not a stock for margin players!!! One must have the patience of Job to handle this investment. If they can pull off the GMR transition the Company could have a great recovery. The problem is at this point is that word if is a big part of the problem.

Best to those left...as the door closes.

Later, Dennis
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