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

To: manohar kanuri who wrote (5768)	9/22/1998 7:43:00 PM
From: William Epstein	Read Replies (2) \| Respond to of 7841

Manohar Kanuri; I don't know the answer to your question. The best I can do is to look at a long term (12 yr. ) cycli-graphic chart put out by Securities Research. It shows that Seagate has been through 2 major cycles during the last 12 years. It also shows that we are bottoming and going into a third cycle. In other words we are at the the bottom of the right shoulder of the second head and shoulders formation. The stock peaked during the first formation at 22 (adj. for split) and in the second at 56. However, the peaks are about 8 years apart. I don't know Seagate's 12 yr. history but I have the stock's 12 yr. history. Sometimes, I try chart certain long term angles of rise and fall in the stock and these charts have sometimes, been surprisingly accurate. I know it sounds like astrology but sometimes, it can show me what a specialist's long term goals may be. What I can guess from this chart is that the price of Seagate might be 70 about 2 years hence. PHOTOMAN/William Epstein