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


To: Debt Free who wrote (5061)6/2/1998 1:19:00 PM
From: Hao Li  Respond to of 7841
 
simply the price is very cheap! & I do not think there is much room for SEG to drop.




To: Debt Free who wrote (5061)6/2/1998 3:35:00 PM
From: RLM  Read Replies (2) | Respond to of 7841
 
Many of the indicators point to SEG being oversold. No one really is talking about Seagate's software division, which is doing well. Seagate is no longer just a disk drive company. I just bought 1000 more at 21 3/8. It may go down if the market goes falls any further, but by the end of the summer Seagate will probably be back at $30.
The MACD and stochastics have not turned as of yet, but many times they turn after the real buying opportunity has passed. One other reason that Seagate is attractive at this price is that it has bounced twice off of the low 21 area.