Seagate Technology Message Board

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Technology Stocks : Seagate Technology

STX 304.01

+6.9%

Jan 9 4:00 PM EST

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To: Debt Free who wrote (5061)	6/2/1998 3:35:00 PM
From: RLM	Read Replies (2) of 7841

Many of the indicators point to SEG being oversold. No one really is talking about Seagate's software division, which is doing well. Seagate is no longer just a disk drive company. I just bought 1000 more at 21 3/8. It may go down if the market goes falls any further, but by the end of the summer Seagate will probably be back at $30. The MACD and stochastics have not turned as of yet, but many times they turn after the real buying opportunity has passed. One other reason that Seagate is attractive at this price is that it has bounced twice off of the low 21 area.

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