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Technology Stocks : Read-Rite

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To: Christopher H. who wrote (4739)	4/22/1999 11:27:00 PM
From: Dennis R. Duke	Read Replies (1) of 5058

What I make of it is, I got screwed! Sold most of RDRT at just above $6. I wrote a message on Yahoo this morning saying prepare for the $4's, given the low of $5 1/8 intraday. What I didn't see in the last hour of tradings raise was big block buying. The chart below shows higher selling volume in the 11am downturn then the volume in the 3 to 4 pm run up. quote.yahoo.com It could have been that some value play news letter suggested the stock, and given the run that everything else has been on the market could have broadened out and pick up RDRT. I just don't know what to think. To lose over $200k and then see it rise, with no information from IR or elsewhere, I haven't a clue, nor confidence in myself to call this one correctly. Later, Dennis Still looking at my shoes.

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