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Technology Stocks : Seagate Technology

STX 258.21

-1.7%

4:00 PM EST

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To: Flan who wrote (7149)	3/24/1999 11:05:00 PM
From: William Epstein	of 7841

FLAN; WELL. We do agree on something. The fundamentals. Your not alone on that. I didn't mean 500K all at one time but throughout the day allocated in blocks of shorts or longs can move the price. Although, today may have been different than most because of the IBM-EMC thing. I do watch this specialist closely and almost hourly check the 1 day candlestick chart in 1 minute and 5 minute intervals. I have often seen shorting of 125M-200M shares in a 5 minute interval then a quick drop and covering anywhere from 1 hour to five hours later. This is not on big volume days like today. What I have seen is that it doesn't take more than that to move the stock down at any given moment. Sorry your trapped but so am I so we'll have to live together for a while, at least. Peace. PHOTOMAN P.S. I still think we may see 24 but I don't see it going below that figure. I would expect a sharp rebound if that level is reached.

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