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Technology Stocks : Seagate Technology

STX 288.13

+0.9%

Dec 16 4:00 PM EST

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To: Bald Eagle who wrote (4148)	11/19/1997 1:25:00 PM
From: stock bull	Read Replies (3) of 7841

Don't panic. As I said a few times before on this thread, SEG should trade in the 17 to 18 dollar area. This is based on valuation and a pe of 15. So, from the current price of around 22, I think the downside risks are now limited. You should see an improvement in SEG after the first quarter of 1998. The company should start growing again in late 1998 and into 1999. So, SEG is not a short term investment, consider it a long term growth company. I would not buy any more stock until the turnaround starts to occur...why have "dead" money in SEG when you can earn 5% in a money market fund. Or, invest in another company that is currently growning. (Check out IOM. If you get interested in IOM, do your own research before you buy.) Just my thoughts on SEG. Stock Bull

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