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

To: LK2 who wrote (278)	12/3/1998 5:59:00 PM
From: William Epstein	Respond to of 1989

Larry Kuznets; No Larry. I just reviewed today's charts. I checked the 10 day chart. I see something very interesting going on. At about 30 there was a sharp rise in short interest. This was about a week ago. Since then the stock has risen. About 32-33 short interest began to drop off dramatically. What I think, is that someone was shorting, big time at 30 but not the specialist. He has been conducting a series of short squeezes and forcing whoever it is to sell out. There were 3 spikes today up to or past 34 then the stock dropped off. Although, the stock spiked there was no dramatic volume to go with it. I think we are witnessing "a war on the floor". When the shorts are cleaned out the stock will resume its advance. That's my best guess. Sit tight and remember, the market dropped 189 pts. today? PHOTOMAN