Seagate Technology Message Board

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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 goldman who wrote (4385)	1/3/1998 8:17:00 PM
From: J. David	Read Replies (2) of 7841

Steve, I noted that he paid a total of $606,000 implying a per share cost of approximately $24 1/4. It's encouraging to see some buying in the drive sector but I'm still too afraid to do anything more than a little nibbling here at SEG. I saw Peter Green, editor of the "Green on Money" market letter, last night on the Nightly Business Report recommending SEG. He was very positive on the technology sector expecting it to recover in the first half of the year. However, he did say to wait until the stock begins moving to step in...IMO, looking at the 10 year chart of SEG it seems to have held at the $18-$20 area of support. Maybe we've seen the worst but who knows how long it'll take to start moving up again. Best of luck. David

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