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Technology Stocks : Seagate Technology
STX 275.39-1.7%Dec 31 4:00 PM EST
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To: Qtrlytrades who wrote (3954)10/28/1997 9:40:00 PM
From: Golfer9  Read Replies (1) of 7841
 
Well us bears on Seagate also made money on its puts. Last week I bought Seagate Jan 25 puts at 5/8s and sold them this morning at 2.125.

Had a great day in the market because I bought good companies in the morning and sold them in the afternoon. I put in prices on the opening and they got hit.

Went to play golf with some friends called in and saw the market turning, put out prices for them to be sold.

Give you three examples of good companies with good managements that I traded today. MONE ( the money store) bought in size at 24.75 and sold at 27.875, TDW (tidewater) bought at 57.125 and sold at 63.25 and of course CSCO which you teckies know well bought at 71.125 and sold at 78.25.

Great companies with managements that know how to execute the game plan.

Deal with companies whose management have a vision. Hey good old Al may have been great in the past but so was Willie Mays. How he is now is the question. I think that he has lost the edge and the shareholders are hurting.

Remember people who claim to know so much about the disk drive industry said this stock when it was hit in the spring, said that the stock would be 50 or higher by October. We have three days more. Seagate is still dead money to me.
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