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

To: Stitch who wrote (3879)	8/5/1998 9:25:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 5058

Stitch, you are absolutely right, if you remember, the trigger proposed for the minimelt was supposed to be that within 2 to six weeks after the elections the market would have recognized that Japan's action were not "sufficient". This is happening faster and some Asian markets have already breached multi year lows. The yen has not gone to the 156 yen/dollar yet, and I still think that could be in the cards and the big Asian Markets (Japan, H-K and Korea) are still well above their lows. I think that apart of a strong rally here to under 9000 (I have 8900 but do not wait for it), we will still continue down into September early October in a weak market. Zeev