Seagate Technology Message Board

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 : Seagate Technology

STX 285.41

+2.4%

Dec 8 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Roger Mory who wrote (5644)	9/11/1998 3:33:00 PM
From: William Epstein	of 7841

Dave935; I have just finished calculating short interest for Seagate based on Zacks figures. As I mentioned this week and last week Seagate now has the lowest short interest figure it has had within the last 2 years. It has dropped from its high of 4.45% in February, 96 to 2.35% currently. By my calculations short interest has dropped axprox. 890,000 shares or another 16% this month. Combined with last month that's a total for 32%. What is most significant is that the short interest ratio has dropped from 5.51 2 mos. ago to 2.21 last month to what I believe, is about 1.5, currently. This is a very low ratio when the current NYSE average ratio is about 5 or 6 ( although, currently probably lower). This definitely portends an uptrend over the next few months and this is one reason why I am so bullish. Medium term (6 mos.) Seagate is a strong buy and probably long term (2 yrs.) too. My ALERTS are applicable to the next few days or weeks but they are important too. William Epstein

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next