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Technology Stocks : Seagate Technology
STX 282.86-0.9%Dec 9 4:00 PM EST

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To: Raptech who wrote (5570)9/1/1998 7:45:00 PM
From: William Epstein   of 7841
 
Raptech;

Makes sense. I still believe that the bulk of all the short covering is finished. The volume today was over 1 billion. A record.All of the specialists were gorging themselves by covering shorts and taking profits. However, there were a lot of little guys in there too. This portends a positive future for fall and winter. The market makers have reversed position, overall. This doesn't mean we can't have another big down day but it's not going to last too much longer. They have shaken a lot of stock loose.
William Epstein
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