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

To: William Epstein who wrote (5616)	9/10/1998 11:18:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 7841

Final shakeouts in stocks are the insiders getting their last cheap stock before the" bidding up" price action rewards their accumulation.The reduction of short interest is no doubt his response to the observation that value buyers are now going after his stock (Time to cover and buy back stock ) - days like today are what they need and pray for. On the other side - days like today wear on the resolve of past value buyers who are under water on price. It is powerful and speacialists see it so much more than we" little guys". I think they rely on it.As well they should - It appears to be working. I get insulted by this crash being a result of the KS report.This whole program has demobilised his large ego drive(clinton) from leaving a legend to saving his but.I am sure it will drag on with all kinds of posturing ,demogogueing and then a strong republican windfall election. Hopefully this will result in some nice tax returns, along with free market, capital generating legislation. I think we are in a base wearing out phase.Price does not make a bottom time does.Don't see quick turn until after november.If its a base it just started or else it is a continuation of nasty downtrend. Tis the time to accumulate values not sell from fear. JMHO Bob