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Technology Stocks : Maxtor (MXTR)
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To: CPAMarty who wrote (277)5/24/1999 4:33:00 PM
From: BRAVEHEART  Read Replies (1) of 467
 
Hi Marty,

This is a perfect environment to acquire cheap stock. Market Irrationality & Overdue Correcting of the Internets. Especially as out of favor as MXTR has tended to be as of late. I did buy my second position today. I will wait to see if there is a further drop based on todays correcting before I accumulate my final position. If the market continues to correct I can see MXTR dropping to $5 to $5.5.

To think anticipated rate increases in the fall could have this effect when it was possible for Greenspan only days ago to make the first adjustment. One has to love days like this.

On a more relevant note. The earnings estimates look promising. I saw somewhere that MXTR expects revenues to reflect sales of their most recent product as early as the third quarter. I also noted that CNBC remarked how DELL has trended down to relative lows. If DELL rallies MXTR should benefit. Hence Sept should be very interesting. Especially at these prices.

BEST WISHES
Jeffrey
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