Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SeanS who wrote (4689)	3/26/1999 1:10:00 PM
From: John Ritter	Respond to of 5058

Why sell now, especially today. I bought more.

To: SeanS who wrote (4689)	3/26/1999 1:49:00 PM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 5058

My basis is in the mid teens, too. I am hanging on for potentially positive comments on the Conference Call with earnings on April 14th, assuming margin calls don't push me out first. I expect that will be our first break. We could get a short covering rally if there is any positive comments from an analyst saying this looks like a "buying opportunity", which a number of people have already figured out. That might occur after the weekend, but that is only IMHO. Another positive would be if the Company announces a GMR qualification, which I am not expecting, given that my understanding is that their in the middle, but not the end of many qualifications at this time. It doesn't feel good, but I believe there is more upside than downside potential here. This being a Friday, I expect we will see the day traders exiting and close lower today then yesterday, with a potential upside next week. Best of Luck. Have a nice weekend and try to forget the pain - easier said than done, I know. (-8 Dennis 8-)