Seagate Technology Message Board

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Technology Stocks : Seagate Technology

STX 276.69

+1.6%

4:00 PM EST

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To: The Vinman who wrote (4860)	4/14/1998 5:05:00 PM
From: Jacky AY	Read Replies (1) of 7841

You're right about the company and the industry. However, the most significant factor driving up the stock price lately is nothing related to the fundamentals. The late stock movement is merely an indication of large investor money inflow. They're willing to pay high multiple forward PE for almost all companies. The market is insane and can't be predicted with reason. True. SEG missed the earning again with falling revenue and margin. They also cited continuous pricing pressure, blah blah blah. And for the first time in 3 post earning press release, they don't even bother to mention the word "recovery"... But so what, the stock may rally another 10% tomorrow just simply because the company is still alive.

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