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Technology Stocks : Seagate Technology - Fundamentals
STX 276.69+1.6%Nov 28 9:30 AM EST
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To: Stitch who wrote (476)1/27/1999 9:10:00 AM
From: William Epstein  Read Replies (2) of 1989
 
Stitch;

Without digressing too much into TA. Did you notice that the specialist dropped the price to 36 1/2 last week, in order, to grab a huge block, about 300,000 shares and then raised it to 38 1/2 within minutes of completion? You mentioned, he did the same thing to you.

The stock seems neutral now and could remain so for up to six weeks. (3 pt. trading range) but don't be fooled. There is likely to be another price drop before it goes up again and it will go up again, above 44 1/2. If it drops far enough, its another opportunity to buy calls.
PHOTOMAN



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