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

To: Naveen Kumar who wrote (5050)	1/18/2002 3:24:11 PM
From: John Chapman	Read Replies (2) \| Respond to of 5058

I got some SSNC at 8.47 on the 16th after selling part of RDRT on the 11th at 7.09. Unfortunately, I did not sell the rest of RDRT until the 16th at 6.39 so the first half was a small profit and the second half a small loss. I was watching RDRT and most of the 10k plus trades were going off at the ask or better, yet the price was staying in the same range and even drifting down a bit. That action continued for days and was strange to me. The price should have been going up with all that "buying" (or what looked like buying) Now in hindsight since the bad news has come out on earnings, I think someone knew of the news and was dumping. I will watch out for strange action like that in the future. That is the way it has been. Very tough to mae a buck. SSNC is pretty extended now so maybe it will fall back to buy in. It probably will as that is the way it has gone with all the others.