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


To: manohar kanuri who wrote (5783)9/24/1998 2:21:00 PM
From: William Epstein  Read Replies (1) | Respond to of 7841
 
MANOHAR KAMURI;

At this point I can't see it either but my chart says something different. Of course, I may be charting incorrectly. I will continue to review it although, I must have done so about 200 times. The theory is that successful strategies in business are repeated. Perhaps, they are modified but not fundamentally changed. If you can accept the premise that Seagate is a controlled stock then the chart shows the specialist's basic strategy. By charting previous patterns that show up on the chart and then projecting them into the future I can make some sort of prediction. I am not always sure that I am correct but it works a good part of the time. More often than chance would allow. Which comes back to confirm the idea that the stock is being managed. Some might call it circular logic. However, I do expect that Seagate's fundamentals will continue to improve during the next 2-3 years (Read my posts during the last 2 weeks).

The analysts tend to agree with that however, I really do expect that their earnings estimates for 98 and 99 are too conservative. Fundamentally speaking, of course. Does this sound reasonable?
PHOTOMAN/William Epstein