Seagate Technology Message Board

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Technology Stocks : Seagate Technology

STX 258.21

-1.7%

Nov 14 4:00 PM EST

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To: William Epstein who wrote (5769)	9/23/1998 3:26:00 PM
From: Raptech	Read Replies (3) of 7841

SEG at 70 in two years. Don't you think that's a bit of a reach? At the point where technical analysis opposes logic and fundamentals it becomes not believable. I can't argue with your analysis because I am not that sophisticated in reading the charts. But, aside from the charts what would portend over the next two years for tripling the stock price? The DD sector may turn around, but there are so many other factors in the industry that unless SEG comes along with some yet to be discovered new technology there is no reason that they will be that far ahead of their competition. I like SEG long, and anything is possible in the markets we have today, but 2 years and 70 is just too distant a target. Bullish indicator if it closes above 24 5/8 today. Rap

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