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

To: Robert Douglas who wrote (1046)	7/19/1999 10:18:00 PM
From: Sam	Read Replies (1) \| Respond to of 1989

Robert, <<For me to bite on this will surely signal the top in the SAN/fibre channel market.>> <vbg> That's what I thought when I bought a few hundred shares of ANCR before the BRCD offering as a speculation. Quadrupled my not very large speculation in less than 2 months, sold it. It is too easy, distorts and corrupts the soul. We're gonna pay big time for it at some point. I can't say I know when, but....

To: Robert Douglas who wrote (1046)	7/19/1999 10:37:00 PM
From: Sam	Respond to of 1989

Well, I just read the ZOOX thread. I can see why they're excited if they're getting stock at the offering price. I doubt if it'll open or even trade under 30 tomorrow. The market is still too hot. But this post was pretty telling: Message 10572958. Not even alleged professionals recommending these stocks know much about the companies they're recommending! I've been reducing my exposure to a lot of stocks, just been trading a few, and won't hold many of them very long, though I am keeping a few long term positions through thick and thin. I don't think that the upcoming correction that I think is around the corner will last too long, though I do think it will be scary and will last longer than some of the one or two week wonders that we've seen. More like a couple of months, perhaps like last year's correction. FWIW, my opinion only. Sam