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 3:13:00 PM
From: Robert Douglas	Read Replies (1) of 1989

Sarmad, I think your market analysis if fine except for one thing. Inflation. There is little doubt in my mind and I'm sure in the mind of Alan Greenspan that inflation is beginning to smolder once again. This makes the "buy any dip" strategy, that has been so rewarding over the years, dangerous here. It remains to be seen how serious this inflation scare will be but if it becomes serious enough to require aggressive tightening then the proper course will be to sell the rallies not buy the dips. I think there is a good chance that something fundamental has changed here. It is long overdue in my book as I believe that the U.S. economy MUST slow - no ifs, ands or buts. All this "New Economy" rationalization is about as tenable as the valuations we saw on interut stocks in the recent past. I am going to carefully buy this dip but won't be buying the big blue chip techs until they have shed another 25% or thereabouts. I am going to be buying good growth companies at reasonable prices that I believe will be rediscovered by the market. -Rob

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