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

To: William Epstein who wrote (6102)	10/28/1998 11:47:00 AM
From: David Jones	Read Replies (2) \| Respond to of 7841

I started to post this yesterday but my junior trading skills would be open to critic and my fragile ego couldn't take it then. But if the MM is going to short he's premature. Stochastic isn't reading sale as it did in the previous drops in price. Also to my not perfect eyes and equally imperfect stock knowledge the chart looks to be in a positive wedge pattern. I would appreciate other's input as to my observation of the chart. And a genteel kick in the @ss if wrong and a nudge towards the correct interpretation of SEG's chart. Thank you and have a day; Dave

To: William Epstein who wrote (6102)	10/28/1998 6:30:00 PM
From: Kevin Linder	Respond to of 7841

William/Stitch; both of you had very good posts. I think there is too much overcapacity in the Disk Drive industry. I though one of the best opportunities to end the overcapacity at the time was either a bankruptcy of WDC or a failed IPO of MXTR, neither of which happened. right now the best hope might be for SEG to use the increased balance sheet to buy out WDC or possibly MXTR. I am not sure either would happen right now. Which comes to William's point of the ability of the specialist to drop this stock like a rock. Too much uncertainty is surrounding this sector. I think we may be close to a change in this industry such that Technical Analysis will be thrown off with a break out to the upside or a break down. I think SEG is in a better position, but if you are trying to swim across a swamp it doesn't matter to the alligators if you are in the lead or following somebody. I guess the best thing to say is we didn't buy SYQT. Best wishes, Kevin Linder