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

To: David Jones who wrote (6117)	10/29/1998 11:53:00 AM
From: William Epstein	Read Replies (1) \| Respond to of 7841

David Jones; I am looking at a 12 yr, cycli-graphic chart for Seagate now. It shows that the stock has never been stable. Always a lot of volatility. It could stabilize for several mos. and then swing as much as 35% in one direction or the other. The charts I was referring to were the big charts 1 day, 2 day and 5 day charts. But I will discuss any chart you have in mind. I don't believe we will see a stabilizing trend in Seagate until they can report 1 and probably 2 profitable quarters, back to back. Regardless of their balance sheet, they have to show Wall St. that they are in the black. Whatever the DD industry's situation they have to remain profitable. Blaming losses on industry trends doesn't doesn't fly. Until then, any uptrend in this stock is a short term trend and will reverse itself. I wish it weren't so but that's the way it is. You can't grow a company by taking losses even if you are a brilliant deal maker. PHOTOMAN/William Epstein