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

To: John Ritter who wrote (241)4/27/1999 1:05:00 AM
From: CPAMarty  Respond to of 467
 
$5 1/2 looks like a good entry point to me because i have bot at
7 3/32, 6 1/8 and 5 3/4 <G> At this point it looks like we are looking at a tough quarter or two. On the other hand the box makers seem to be indicating that things are not all that bad. Inventories are lean. MXTR is presenting at the H & Q conference next week. MXTR has a strong balance sheet and is a low cost producer. I wish i knew if 5 1/2 was the bottom, however i am holding for $10 to $15 later this year.



To: John Ritter who wrote (241)4/27/1999 10:13:00 AM
From: appro  Read Replies (1) | Respond to of 467
 
I would not try to buy MXTR on the way down. Sellers have certificates to burn. Every time this one goes up a tick or so, they throw 50,000 shares into the flames. I don't know why but it is a sure sign to stay away.

This fishy smell caused me to jump back out after jumping in at $12, ~$8, and now 5 3/4. First two times I lucked out with a scalper's small profit and this time scraped some skin. Ouch! This one is a killer for those who hang on. IMHO.


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