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Technology Stocks : Maxtor (MXTR) -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (189)	3/20/1999 10:59:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 467

As long as the fundamental story is intact, my money will stay here. Hyundai selling is just a delaying factor until MXTR shares trade up to full value again. That's the theory.

To: Stitch who wrote (189)	3/20/1999 3:21:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 467

>It would pay if you are desperate for cash to finance the world's largest semiconductor merger. Right? I may be missing something here but I do wonder about it. Unlikely, since all drive stocks are depressed. Except WDC, which deserves its low valuation. Hyundai owns 28% of MXTR after accounting for the secondary and convertible. Since MXTR has a smaller float than its competitors (all of which are essentially 100%) it has a higher volatility and makes sharper moves up, as well as down. I've exploited this volatility by selling July 7 1/2 puts.