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Technology Stocks : Seagate Technology

STX 272.28

+4.0%

Nov 26 4:00 PM EST

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To: William Epstein who wrote (5569)	9/1/1998 4:19:00 PM
From: Raptech	Read Replies (2) of 7841

Assume there was alot of short covering today which is partial reason for the wild ride. I just watched today, as I was actively buying yesterday and want to be sure we're not in a bear trap. SEG may have hit bottom yesterday, but IMO buying below 20 will provide much future price appreciation so I plan to wait another day or two before finishing my position. The sentiment on the street seems to be divided as to the next direction. So many factors; Greenspan, Russia, Asia, and next quarter earnings are right on us. My scenario is a run up back to high 8000's and then another sell of to low 7000's and then finally a sustained climb back to above 9000. I didn't get out at all on the current washout, but I am going to try to be more disciplined and liquidate more if we get back up to high 8000 soon. Hope your recovery today was as good as mine. Rap

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