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Technology Stocks : Maxtor (MXTR)
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To: John Ritter who wrote (259)5/2/1999 2:46:00 PM
From: Barron Von Hymen  Read Replies (1) of 467
 
Don't ask me when to sell. I sold PCLN at $95, purchased for $65. Had I waited one more week, I could have sold at $162. Do you have any idea how many 100's of shares I had? Trading is not my game, obviously - investing is. I don't care if MXTR goes to $3 in the next month, b/c all the bad news is out for MXTR, and the disk drive industry is bottoming out, and poised for a return in the last half of 1999. MXTR's high end 7200 rpm drives are already being shipped and production is contributing to a noticeable growth in electronics industrial manufacturing in Singapore. I see the light at the end of the tunnel, and am not worried about hitting the side walls in the near future. My opinion is that we'll never see the 5's again. They are history. I've said that about PCLN too (in the 60's). In short a triple is foreseeable in the next year.
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