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Technology Stocks : Seagate Technology

STX 371.76

+3.8%

Jan 27 4:00 PM EST

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To: TEMFASSBAL who wrote (6454)	12/17/1998 4:28:00 PM
From: William Epstein	Read Replies (1) of 7841

To All; Block trade yesterday, 150,000 shares through Banc Boston at 30 7/8. Right on the 180 day SMA. Another today, 100,000 through Goldman Sachs at 31 3/8, just above the SMA line.It finished out today just above the 120 day SMA of 32 at 32 5/8. This is double confirmation. As I've said before, the 180 runs through the bottoms when the stock pulls back. That is why the stock has been sitting at this level WITHOUT MOVING for 2 days. They been anticipating these 2 huge block purchases. It has bottomed out and now its on its way up. The stock is strong! PHOTOMAN

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