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Technology Stocks : Seagate Technology

STX 253.38

+6.7%

Nov 24 4:00 PM EST

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To: Raptech who wrote (5589)	9/9/1998 10:28:00 AM
From: William Epstein	Read Replies (1) of 7841

Raptech; Looking at Seagate's price moves this morning I can see that the specialist has closed his trap door and is moving back to former price levels. You've done well already. The question now is will he push the stock beyond its trading range with the upper band of 28 or 29? No one can say but my guess is that he will in October. I believe, he used the downdraft in the market to push the stock down to an accumulation level, expecting a better than anticipated earnings report in October. The next 6 weeks will tell the story. William Epstein

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