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


To: Dennis R. Duke who wrote (3676)7/15/1998 10:40:00 AM
From: Andy Smith  Read Replies (1) | Respond to of 5058
 
What do you make of the volume spike that pushed it to 10.5? And the subsequent dribbling out on low volume? Is that an institution making a long bet?



To: Dennis R. Duke who wrote (3676)7/15/1998 10:40:00 AM
From: Augustus Gloop  Respond to of 5058
 
I think this is just a sympathy move after seg beat estimates by 50%.
I am sure RDRT's earnings will be every bit as bad as we expect and then some.