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


To: MarkM who wrote (5009)5/19/1998 3:27:00 PM
From: George A. Roberts  Read Replies (1) | Respond to of 7841
 
>>>>>>Why is SEG sinking while everything else is rising??? >>>>>

Because I foolishly averaged down yesterday rather than just admitting my mistake and taking my lumps.
George



To: MarkM who wrote (5009)5/19/1998 7:08:00 PM
From: Stitch  Respond to of 7841
 
Mark,
<<Why is SEG sinking while everything else is rising???>>

Well, first, not everyone else is rising and secondly it looks like technology stocks are still getting hammered by warning statements (H-P and National Semi), the Microsoft/Justice Dept. standoff and recent analyst's negative statements. Many are saying that we are in for a prolonged malaise with the primary culprits being cheap PC's and a lack of demand drivers for storage on the horizon. I think folks can't see very far and are forgetting the huge underlying demand for continued automation of information and retrieval. Thats cool. Buying Op to me.

Best,
Stitch