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

To: William Epstein who wrote (5773)	9/23/1998 8:21:00 PM
From: David L. Wasylenko	Read Replies (1) \| Respond to of 7841

I think the market can do anything... but these issues had special situations: NETSCAPE, YAHOO etc were 'new-hot internet' stocks w/ enormous potential, or so the market thinks. The other companies: newbies? unknown? people betting on the unknown. This is old, tired seagate. Been around a long time. Makes disks. Where's the excitement? where's the potential? The sell a disk, they make a buck. I hope you are correct.

To: William Epstein who wrote (5773)	9/23/1998 8:25:00 PM
From: Raptech	Read Replies (1) \| Respond to of 7841

William: A short answer to your long explanation. EARNINGS!!! It is fundamental that positive earnings, news that will effect earnings, or a projected earnings trend will move a sock price more than any other factor. The valuations of your example companies; Yahoo, Netscape, DSC. and many many more are based on future earnings, and not the manipulation of a specialist. I agree that there are conditions and spots when the specialist controls the price movement, especially in a trading range, but fundamentals will spoil the specialists party when they are compelling. The specialist had no control over the move in SEG or the market today, unless you consider Greenspan a specialist. (guess you could say he is the grand specialist). BTW, I also knew Bernis Chaus when I was an executive with a major department store company. Smart cookie! IPO's are in a class by themselves which offer thousands of examples of run ups on issue, and then drops when realism sets in. People have made good profits buying high valuation companies, but I don't like the play. I prefer value plays where I think the company is out of favor (SEG) and below potential value where there is much opportunity upside. And for sure, don't take people on these boards too seriously.We rarely know who we are communicating with so it becomes a forum for people to display their ego, and sometime blow off a little steam.