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


To: William Epstein who wrote (5549)8/29/1998
From: Raptech  Read Replies (1) | Respond to of 7841
 
William:

Today I reviewed a group drill down of 34 storage device companies which reflected only 5 of 34 companies that were less than 50% off their 52 week highs, with EMC (best looking in the group) being only 13% off. Today, only 2 of 34 made a gain (fractional).

The industry is still suffering and I don't see any reason SEG is going to break out of the pack alone. I don't know beans about the storage device industry, but feel we still have a few points go down before a turn up.

Converse to your point about not worrying about finding the bottom for a few dollars, I would rather miss the bottom, buy the stock on the uptrend, and give a few points moving up.

Tempting, but I don't own SEG yet. And I kicked myself today for watching, but not picking up ERICY at its bottom yesterday.

Rap