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

To: Yogi - Paul who wrote (5798)	3/9/1999 5:13:00 PM
From: Mark Oliver	Respond to of 9256

<Anyway, HTCH really snuck up on me on the down side. Very interesting.> Yes. I added half my position Friday at 35 and more today at 32 3/4 only to see a later chance to get 31 1/2. I won't mind buying more if it goes lower, but it's a wonder why it's lost so much strength. Fundamentally, the story still seems like a strong one. What news could be causing genuine concern? Slower PC sales? It seems like the bulk of their product is now high end oriented, so PC sales will have a smaller impact than may be imagined. I'd rather buy the bottom, but short of some Hutch specific bad news it seems like an investment as this level would eventually turn a profit. Like I often said to Z, I didn't feel Hutch had the strength at that time to make buying in the 40's a sure position. So, we're back in the low 30's and now the question is will the market throw this baby out and give us a chance to buy in the 20's? Some how, I wonder if this is just one of the many small stocks that is seeing a flight to blue chips and cash as people take a more cautious approach to the market? Anyway, some one is spooked and it will probably make us money. Regards, Mark