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Technology Stocks : Seagate Technology
STX 240.50-7.2%Nov 20 4:00 PM EST

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To: Flan who wrote (6825)2/9/1999 6:02:00 PM
From: William Epstein  Read Replies (2) of 7841
 
Flan;

Your statistics don't surprise me but prove nothing. All it takes is a push, exerted at the right moment, when volume is low enough, to move a stock. Liquidity aside, we saw a heavy volume day today and yet, at the end of the day we saw the stock move down 1 5/8 in a few minutes when volume was lowest. We saw the stock move from 34 13/16 down to 34 3/8 in 10 sec. Seagate doesn't normally behave like that. Your personal references are annoying but not needed. Time will tell us who is right and who is wrong. So far I've made several predictions and risked my name and my money on them, this year. So far, I've been right on every one of them. People on this BB have made money because of them despite criticism from you. What have you risked? Obviously, my system or philosophy doesn't agree with yours but it seems to work and again, time will prove whether it has any value. If you know as much, as you claim you do, then why not post your own predictions and your reasons for them, as I do? If not, and you are so sure I'm dead wrong then just let me blow myself up. Every time I refer to the specialist you seem to feel obligated to jump in otherwise, we never hear from you. Look, I have a point of view but I am not adverse to being proved wrong. Proving a theory is wrong is just as valuable as proving it out. So, if you feel obligated to debate stick to the debate and drop the personal references or no one will take you seriously.
PHOTOMAN
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