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

To: Duker who wrote (5778)	9/24/1998 9:56:00 AM
From: manohar kanuri	Read Replies (2) \| Respond to of 7841

William: Fundamentals: I do think they drive stock prices. Not in the conventional sense. The fundamentals I look for are: 1) a decent management that can add two plus two, 2)products with high demand growth 3) monopoly pricing power due to patents, copyrights or brand leverage. If you look back at what even the magical Mr Buffet was doing 20/30 years ago - he was buying growth. I'm sure to some people at that time buying McDonalds was preposterous - who the hell would want to eat that junk food when he can go home to his wife and a home-cooked meal? I guess he saw something, changing trends, that others didn't. Just as, possibly, Yahoo buyers see something that others don't. I suppose a bit of homework (and we know Buffet does a lot of that) keeps you away from the Pressteks and Bre-Xs (sp?)of the world. But yeah, in hindsight, the winners in internet stocks would have been buying on fundamentals. I look at technicals sometimes for an indication of short-term movements - using the logic that if a lot of participants read tea-leaves in the marketplace then tea-leaves potentially move markets, or describe potential market ranges. Bond futures are a good example. Over anything except the short-term, I think fundamentals take over. (Please, nobody come up with 'a series of short-terms constitute the long-term'!) mano