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Technology Stocks : Seagate Technology
STX 258.21-1.7%Nov 14 4:00 PM EST
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To: secrus2 who wrote (7088)3/14/1999 1:40:00 PM
From: William Epstein  Read Replies (2) of 7841
 
Valeri Evdokimov;

My best guess is that we will see a rally next month but I don't know how long it will last. I think and this is only a guess, that it will last until June or July but I am not sure of anything. After that I see a big correction coming that may last 6mos.-1 yr.. I plan to get out at the next high. My statistics don't confirm your hypothesis. They show that we about to enter another rally. I agree with Greenspan that the stock market is overvalued in the big caps, the high techs. and of course, the internet stocks. I will have a serious look at the internet stocks when there is a big correction in them. Some of them have a future but not anywhere near these valuations.
PHOTOMAN
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