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Strategies & Market Trends : 56er's Portfolio Companion -- Ignore unavailable to you. Want to Upgrade?


To: John_W who wrote (414)12/3/1997 1:07:00 AM
From: Esteban  Read Replies (1) | Respond to of 492
 
John,

Re:Is your order to sell SEEQ because of the greater opportunity in AMVC or is there caution in the wind?

I don't know what prompted Doug's change of heart on this stock, but I suspect it might have been the beating the semi's have been taking lately, and particularly Thomas Kurlack's negative comments on the sector today. The timing is suspiciously coincidental. I doubt he's done an about face on this company's fundamentals or technicals. But then I'm just guessing.

Personally, I'm not too concerned about the semis from here. Hopefully the bad news is in the price of this sector now.

Esteban

BTW, the SOX index was down 6.30% while SEEQ was up 1.85%

.



To: John_W who wrote (414)12/3/1997 2:46:00 AM
From: Doug R  Read Replies (1) | Respond to of 492
 
John,

The entire simiconductor industry is under too much pressure for SEEQ's recent press to overcome. A short-term trendline was clearly broken today and considering the difficulty SEEQ's chart has suffered lately...I am officially taking SEEQ off the "Attitude" roster. This post is to be referred to as THE 56 point TA downgrade of SEEQ.

Doug R