Seagate Technology Message Board

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Technology Stocks : Seagate Technology

STX 283.26

-1.6%

4:00 PM EST

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To: Andreas who wrote (7257)	4/28/1999 6:04:00 PM
From: DJBEINO	Read Replies (1) of 7841

28-Apr-99 13:27:48 Shares of Seagate Technology are giving back yesterday's big gains and then some, as the stock sinks to $28 1/2 with a loss of $3 11/16. Institutional activity is brisk with block trades accounting for an unusually high amount of volume. Approximately 80% of today's volume can be traced back to a block trade. This combined with the stock's price performance suggests institutional investors are significantly reducing their positions in Seagate today. The pre-trade bids on I-Watch show that there is buy interest in the stock, however, the volume of bids appear inadequate to hinder the sellers' negative influence. Watch for pre-trade signs that buy interest is becoming sufficient enough to soak up the excess supply in the market, suggesting SEG has hit a bottom. thomsoninvest.net

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