Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 287.52

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3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (1755)	4/15/2000 10:14:00 AM
From: Z Analyzer	Read Replies (1) of 1989

Whether CSCo and INTC are oversold is a technical issue. But if its is going to take irrestable values to put a floor under this market, we haven't seen anything yet. Look at a chart of these companies and how far they are up on even a one year chart. In addition to margin calls, the real issue is whether the insane flows into aggressive growth funds gets slammed into reverse for the real disaster scenario. The weekly loss for the most aggressive funds must well exceed 25%. Perhaps people decide they are too cheap to sell while if they went down 5% each week, they would have time to get discouraged.

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