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


To: dwight vickers who wrote (3817)7/30/1998 9:34:00 PM
From: NasdaqStud  Read Replies (1) | Respond to of 5058
 
Is there any information regarding the poor performance of RDRT today. I hear that Maxtor spoke very highly of RDRT on the roadshow and am 100% dumbfounded. I have also heard very positive remarks about RDRT coming out of both SEG and WDC (possibly hearsay). Other than demand issues which will hopefully be resolved by September, what is the deal? the STUD!!

For those of you who are dying, check out QCSC. Looks like a great speculation at present. Do your own due diligence.



To: dwight vickers who wrote (3817)7/30/1998 11:25:00 PM
From: John Slampyak  Read Replies (1) | Respond to of 5058
 
I am hoping for a double bottom here, and I drew a line on my chart to show it. Volume was up today, higher than 21/23 of the last days, but still less than a normal volume a few months ago. The stock looks a little oversold. Still, looking at it objectively, I expect to see lower lows tomorrow.
If you were looking for a breakout, it came last spring at about 13. It didn't hold then. I have been wrong on this stock several times on the way down.