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Technology Stocks : Seagate Technology
STX 282.86-0.9%Dec 9 4:00 PM EST
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To: lam who wrote (5412)8/8/1998 7:31:00 PM
From: Kevin Linder  Read Replies (2) of 7841
 
Lam;

I think you may have misread the posts on this board. I will admit that i wasn't checking this board back when SEG was in the mid 50's, but the key to this industry turnaround is going to be the scientific technical factors inside this industry. I can't believe that Technical Analysis will tell when this industry slump will stop. Basic Fundamental Analysis with heavy examination of the fundamental computer industry trends will. I do use TA, but on this a true breakout will not occur until industry fundamentals permit.

Stitch's (and others) comments are invaluable. Unless you personally want to get an engineering degree and learn the ins and outs of an industry. True, Stitch may be a fourteen year old kid in Des Moines with a fake background -- but reading his posts leads me to disbelieve that theory. I like to find out about the industry before I invest and keep up on it as I continually invest. Right now I am scalping SEG from 22-24 I see value. Above there I see uncertainty over whether the Disk Drive industry slump is really over.

I think it may be, but still unclear. I would rather see a more clear sign like drives on Allocation or a merger/acquisition. There may just be light at the end of the tunnel though.

Kevin Linder
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