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Technology Stocks : Storage Technology- STK -- Ignore unavailable to you. Want to Upgrade?

To: m33806 who wrote (491)	4/16/1999 5:13:00 PM
From: Roger	Read Replies (1) \| Respond to of 560

STK did a Compaq on us by announcing this so late into the earnings season. All these stocks have lost credibility with Wall St since they waited so long to make this public. Having a business problem is one thing (everyone does at some time or another) but to not put this news out ASAP is inexcusable. No wonder these stocks get pounded and languish in the doldrums for months. Once options expiration is out of the way (they closed it at 19 3/4), lets see what happens next week. I think IMHO we are headed lower since we broke the 52 week low and broke all kinds of MA trend lines.