SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Maxtor (MXTR)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: xamir who wrote ()4/29/1999 10:18:00 PM
From: sridhar ramasami  Read Replies (2) of 467
 
Stocks that come down sharply on heavy volume do not recover easily. I think that it will take months to repair the damage. The current trend is sharply down and its not even close to a consolidation. So in my opinion.
1) if you dont own shares wait out the months and buy when it has consolidated.
2) if you own shares and are short term oriented - take the loss and move on. The price erosion over time will wear you out any way.
3) if you own shares and are long term oriented - grin, bear and pray for a turn around in the disk drive sector.

Thanks,
Sridhar
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News