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


To: Yogi - Paul who wrote (4230)11/3/1998 2:58:00 PM
From: Gottfried  Read Replies (1) | Respond to of 5058
 
Yogi, re >Sold RDRT at 12 1/8. Profit taking.< I'm proud of
you! And all this time I thought you were here because the technology
is so interesting. <G>

Gottfried



To: Yogi - Paul who wrote (4230)11/3/1998 6:56:00 PM
From: Stitch  Read Replies (2) | Respond to of 5058
 
Yogi,
<<Sold RDRT at 12 1/8. >>
Bingo. From 8 - 12 aint bad. Too good to pass and I think we are still in a market where you have to overcome the fear of missing out as much as the fear of getting trampled. Any prospects for the next play? I am going to buy VECO again it looks like. As long as you stay within a bracketed trading range VECO just keeps on delivering. It is truly an amazing issue whose investors all must be manic/depressive.

(Cept me of course).

Best,
Stitch



To: Yogi - Paul who wrote (4230)11/4/1998 1:45:00 AM
From: FNS  Respond to of 5058
 
Yoga: Re:<<wanted to book a nice gain ..>> Congrats! Am still married to the stock since having ridden it down from 25, but have since picked up more at 8 and 11+. Anyhow, was tempted to bail out and buy back lower...but the chart and momentum in the sector is telling 'me' that it will slam into resistance around 12 1/2-15.

Having survived a triple bottom at around 6 and broken out from a triple top around 10 tells me RDRT still has 'legs'. Should expect to get some profit taking in here but the trend is up. IMHO!

My guess is that we'll see 15+ by mid Jan just prior to QTRLY EPS release date. The pop in WDC (along with QNTM and SEG) today is also very encouraging and positive for RDRT!

FNS