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Technology Stocks : Seagate Technology

STX 253.86

-2.9%

Nov 18 4:00 PM EST

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To: William Epstein who wrote (6126)	10/31/1998 11:48:00 AM
From: William Epstein	Read Replies (1) of 7841

David Jones; Looking at a 2 yr. chart for SEG. The 50 day and 200 day moving averages have converged at the end of Sept.. This is usually a good indicator that a stock is making its bottom and is troughing out. However, on the negative side Barrons shows that the SEG specialist added more than a million shares, short from 9/15-10/15. He has added more shorts, recently. Using the last report, short interest should be above 7 million shares. Judging by volume, Friday may have been a shorting spike. In any case it is coming soon. He may have one more big down swing left. PHOTOMAN/William Epstein

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