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Technology Stocks : Seagate Technology
STX 282.86-0.9%Dec 9 4:00 PM EST
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To: Steve Research who wrote (6474)12/19/1998 1:47:00 PM
From: William Epstein   of 7841
 
Steve Research;

I have privately predicted the same thing. That is why I stuck it out through the downdraft to the bottom. I knew the downdraft would take us into the teens but concluded that not selling was less risky than unloading. It cuts into total ROI but the return is still good enough. Right after the Sept 1 low of 16 1/8 I said, that my long term charts were telling me that the price would go to 72 within 2 yrs. I was universally dumped on. Now it doesn't look so unbelievable. I won't go any further because I would provoke another argument on this SI. If you want more, send me a private message.
PHOTOMAN
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