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Technology Stocks : Seagate Technology - Fundamentals
STX 237.60-1.2%Nov 21 3:59 PM EST

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To: William Epstein who wrote (501)2/5/1999 7:14:00 PM
From: Stitch  Read Replies (2) of 1989
 
William;

I would like to refer you to #6785 and #6786 on the other thread.

I am afraid I am wholly unqualified to comment on the intraday trading in SEG and your "specialist" concept. As you know I am not a subscriber to to this concept. But I will comment on what I have come to believe after reading your many posts these many months. I feel that your visualization of an adversary (the specialist) has become a vehicle for your brand of technical analysis and that it is a tool you use effectively to support your trading decisions. And I find, in that, little to argue with. I am all wrapped up in the fundamentals of the DD industry because it is what I have studied for 27 years. It is a "comfort zone" for me. You first entered Seagate as a long term investor, and I would speculate that at the time it had little to do with "specialist", and more to do with the fundamental notion that it was a sound investment based on revenue growth. In the wake of big losses you searched and found answers, indeed succor, in the technical movements of the stock and the invisible hand of the MMs.

Bill, quite honestly I can reconcile my thoughts to a belief that there is little room for criticism here in the sense that we aspire to the same goal. I'll borrow a line from the past when, as a frightened young man in a frightening place, where all around me a variety of human behaviors were manifest: "whatever gets you by bro". So you stick it to the specialist, and keep letting us know how the battle goes. I'll keep passing along G2 as I can. maybe we will win this one together.

Best,
Stitch
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