Seagate Technology Message Board

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Technology Stocks : Seagate Technology

STX 237.49

-1.3%

Nov 21 4:00 PM EST

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To: Steve Research who wrote (6719)	1/22/1999 3:42:00 AM
From: William Epstein	Read Replies (1) of 7841

Steve Research; The close today indicates the stock is too weak, at the moment, to turn around. We will probably see it drop further. If so, this is the sell off after the earnings announcement that always seems to occur in this stock. Many of us have seen it before and remarked about its speed and distance. It could be as much as 10 pts. below its high of 44 1/2. I mentioned about 2 weeks ago that there was another opportunity coming up, to purchase calls. Probably, Feb or March. If this is the kind of drop expected, then the bottom will be marked by a big drop accompanied by very heavy turnaround volume. Look for it. PHOTOMAN

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