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

To: Raptech who wrote (5737)9/19/1998 5:22:00 PM
From: William Epstein  Read Replies (1) | Respond to of 7841
 
Raptech;

Tough question. If I'm wrong I don't get blamed?
The tech. analysis on the 180 day chart says bail out right away. Everything on that chart is turning down. Cash flow, stochastic and relative strength. Also the short spike came on Thursday at 24 3/4 and volume confirms it. However, you may want to watch it closely on Monday morning because the specialist may zoom it up for a little while for one more burst of shorting. However, you need real time quotes and you must watch minute by minute or you'll get caught. According to the chart you definitely must get out on Monday.

I use mw.dbc.com a pay web site owned by CBS. It is worth $35 per month because one successful trade pays for whole thing for the year. They give you a tremendous amount of up to date info. on anything. Stocks, bonds, options (which I never do anymore) news, charts etc. You can trade there, online too although, I don't. They led me to our chat site. No special software needed. My box is an Apple G-3 300MgHz. with Seagate Cheetah, Barracuda and Quantum drives. My software is in my head. Experience!
PHOTOMAN/William Epstein




To: Raptech who wrote (5737)9/19/1998 5:47:00 PM
From: William Epstein  Respond to of 7841
 
Raptech;

It also occurs to me that Monday is a great day to pull some kind of stunt up or down. When nobody is watching. Specialists sometimes do it.
PHOTOMAN/William Epstein



To: Raptech who wrote (5737)9/19/1998 9:14:00 PM
From: William  Read Replies (1) | Respond to of 7841
 
Don't forget that Friday was an options expiration day. And stock closed 1/16th from a strike price. (Gee, what a surprise.) May want to see if it adjusts from that magic target before placing order. You probably know the routine, sell at open, 25 minutes later it is a buck higher.

William


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