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Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (4904)	8/5/2000 2:46:21 PM
From: Skywatcher	Read Replies (1) \| Respond to of 5058

Well the cards are now out on the table...the massive short interest of 17+ million is gonna have to decide on the risk-reward factor of where this puppy is gonna go... Friday was the first day of long retribution and distribution for this long term and downtrodden hard drive manufacturer... With the volume bursts and huge LEAP purchases that have been going on over the past 20 days, combined with the huge additional investment by the Wisconsin folks, the odds are that either purchase of the company or a huge bump form the optical side of the company will make this fly for a while next week... nice to see RDRT on the top 10 list of afterhours gainers on the Naz.....should easily see 5 first thing on Monday and then with the options beginning to get into the money it will be a hairy week to be short on this one. Considering how low the price has been, only just a day ago it almost hit 3 again...that was the last chance for those folks to cover...and they probably didn't...so sorry for them. With only 1/2 point moves meaning an 11% jump on this one, look out. chris