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Technology Stocks : Seagate Technology

STX 346.10

-0.1%

Jan 23 4:00 PM EST

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To: grogger who wrote (6892)	2/20/1999 1:55:00 AM
From: William Epstein	Read Replies (1) of 7841

Rob Grogg; We are not being faked out. That remark was about where the specialist has determined that the current bottom should be and when. I was being faked out trying to guess it. Taken as a group they are cunning, as they should be. "Poor performance" was a sarcastic remark referring to the specialist also. If you want reassurance I can refer you to numerous posts of my own predicting a price of 55-60 this year and 72 by next. SEG will do well over the next several years barring the unforeseen. It has a fine management team, expanding market for it products, industry dominance, improving profitability and is over capitalized at the moment which give its management tremendous flexibility. In addition my chart shows me that SEG tends to move in 6 year, long cycles from a major bottom to a major top. We hit a major bottom Sept. 1 1998. So, we have a long ride ahead. I'm still trying to guess, wheather or not, we have made a bottom and passed it or SEG will sink lower next week. One bit of encouragement was today's market. Talk to you again next week. PHOTOMAN

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