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Technology Stocks : Read-Rite

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To: T Bowl who wrote (4751)	4/23/1999 10:13:00 PM
From: Mark Oliver	Read Replies (2) of 5058

<Only question should be -is it the best place to have your money now? I don't think anyone can give a good logical straight answer to why it is.> I'm not really looking to buy as much as whether I should hold. I bought shares at 8 3/4 last fall and then sold them for 19 1/4 only to buy them back later for around 12 1/2. I could exit now with a net gain, but I wonder if this isn't selling the bottom. Yes, you say why invest in this company? For that matter, why invest in any of these storage companies? I guess at this level, I think the stock would have a very good reaction to a Quantum order. I may be dreaming, but I feel they've got a shot at new business with Quantum. I think it's logical therefore to wonder what's the bottom. At some point, I think this company would be sold if the creditors didn't get it. They obviously have IP, or they wouldn't have announced the leading areal density. Regards, Mark

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