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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (971)	7/7/1999 1:53:00 PM
From: Robert Douglas	Read Replies (2) \| Respond to of 1989

Stock price and value are two different things. Sometimes it seems that way doesn't it? But what else do we have to go on if it isn't a belief that the market will eventually base its price on value? Voodoo technical analysis? Trying to guess better than the crowd how the crowd will behave? (I stole that from John Maynard Keynes) What? I know the example to which you refer. It is Petrie Stores. But obviously the market was correct in this instance because once the underlying business, which the market was valuing as a negative, quit operating the stock actually rose. The market today is telling us that the disk drive businesses of Seagate and Quantum are near worthless. I happen to disagree and own both. If I am right, I have no doubt that over time my investments will bear out. If I am wrong then I will lose money. If I felt the market was always right I would asset allocate and put my equity portion in index funds. I don't believe this and so I am here. -Robert