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Technology Stocks : Seagate Technology
STX 275.39-1.7%Dec 31 4:00 PM EST
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To: ed who wrote (5120)6/15/1998 10:40:00 AM
From: Robert Douglas  Read Replies (3) of 7841
 
ed. Couldn't agree more about the tech stock bear market.

I've lived through a couple of these before as an investor. The first one I remember was in the mid 80's and the next one was the early 90's. Each one of these bears were extremely savage with many companies going bankrupt and their stocks going to zero. I had a couple in that category myself. On the other hand, some of the ones I stubbornly held on to have gone up huge amounts as the carnage eliminated many of their weaker competitors. Seagate is one stock I have owned in this later category. I believe we will see this pattern repeated with a consolidation in the HDD industry and Seagate emerging as one of the best (again).

An amusing sidelight to the early 90's high-tech bear. I was using Hambrecht and Quist because of their expertise in the technology stocks at the time. During the bear market they increasingly panned the computer technology stocks and shifted much of their focus to Health Care stocks. Well this was virtually the bottom for the tech stocks and a hugely profitable bull market was born. The Health Care sector was about to enter a bear market of their own begun by Hillary and the great HMO boom. Don't forget that brokers will always target the hot area because that's where the easy sells are, but that doesn't make them the best investments. Prepare yourselves for a lot of negative comments from our "experts" in the brokerage community!
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