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Technology Stocks : Seagate Technology
STX 262.56-7.3%Nov 13 4:00 PM EST

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To: grogger who wrote (7187)4/3/1999 10:34:00 AM
From: William Epstein  Read Replies (1) of 7841
 
Rob Grogg;

Yes, SEG is particularly, closely managed stock. More so than many others. I don't know what the deal is but I can see from the evidence that there is a deal between management and the WS investment bankers.Specialist operations are controlled by investment bankers. That's both good and bad. If you throw out the accepted assumptions that profits have an influence current price. (They wouldn't if the stock is managed.) Then your left with the specialist and his pattern of behavior. They all have a method of doing business. Some are fairly common and others are unique. For instance, This one has left the price on Thurs. at 30 1/8. That is exactly the same price as it was 12/31/98. When he returned in Jan. the price rose in a big way the first day of business. He is signaling something right now.
If you can learn enough about the stock's pattern you can catch a ride on the elephant.

CPQ might be a good buy right now. I remember when several years ago it sat for about a year at 20. Then they restructured and it began to rise. It has split several times since then and is worth about 10 times what it was worth during that period. I have owned ORCL and made money. It periodically goes through these depressed periods because the a big part of the company's business is in Europe. When Europe starts moving again so will ORCL. It's a good buy right now if your perspective is long term (2yrs.) REMEMBER, MY DECREE, RIGHT?
PHOTOMAN
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