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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Alan Casey who wrote (5307)	1/22/1999 7:17:00 PM
From: InfoMiner	Respond to of 9256

I bought MXTR at 9:40am today. Must have been about 1/2 hour before they started dumping the new shares! I wish I had known this! Everyone is reporting better than expected earnings and yet I am losing money RDRT, MXTR,(& WDC which I can live with). hmmm. As counter intuitive as it seems I better sell my KMAG which I bought at $5 BEFORE the release of their earnings which will probably blow away the -.40 estimate! MXTR is selling 7-8 mil shares. That still leaves them 67 million short of QNTM with equal earnings and better market penetration growth. Is this much price depreciation normal for public offering? I would have never bought had I known. I don't feel like the sharpest knife in the drawer right now. Miner