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Technology Stocks : Seagate Technology

STX 259.14

+2.1%

4:00 PM EST

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To: muddphudd who wrote (6773)	2/5/1999 10:17:00 AM
From: TEMFASSBAL	Read Replies (1) of 7841

Muddphudd <<What do you make of the sharp pullback today and yesterday (over 10%)??>> Mostly profit taking in tech after a nice run IMHO, everything I can dig up RE storage is very positive going forward (go read the Disk Drive thread on SI if you haven't already). From my options play obviously I think this is overdone. I like the stock in all respects here, technically, fundamentally and I think we get another kick at the cat as DELL and HWP report after the close on 2/16. Thus they might work the weak hands a little here but my bet is the techs will make another run into Dells earnings (which are 3 days ahead of Feb options expiration)..thats the mindset for my play..FWIW, IMHO. Tim

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