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

To: Dennis R. Duke who wrote (4570)2/9/1999 12:19:00 AM
From: Winegrower  Read Replies (1) | Respond to of 5058
 
All the dd's have been hit hard lately. I've followed rdrt for years and it almost every year will cycle a 100% off of a low once or twice. The last couple cycles the dd's have seemed to be a lead indicator for the market, sell off market follows, start to rise same. I'll watch for a market bottom then load the boat.

potterj



To: Dennis R. Duke who wrote (4570)2/9/1999 4:42:00 PM
From: joshi  Read Replies (1) | Respond to of 5058
 
Your not alone Dennis. I think the stock got ahead of itself at 20. I also think that under 12 is also below where it should be trading. Momentum has taken over. I thinke we find a base in 11-12 area and start an upward trend one the NASD turns. Thoes sellers had a lt of shares and needed to pare them. I also think they will start to accumulate them down here as am I. Good luck and great links.


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