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

To: Stitch who wrote (6411)	12/11/1998 9:47:00 PM
From: Kevin Linder	Read Replies (1) \| Respond to of 7841

Stitch; <<we may see 8200 IMHO by year's end.>> with this market i wouldn't be surprised by anything. Especially if these impeachment hearings get real wild and woolly. There are days I envy you not having to watch this garbage on TV every night. Kevin Linder

To: Stitch who wrote (6411)	12/12/1998 1:21:00 PM
From: hcirteg	Read Replies (2) \| Respond to of 7841

Sorry Stitch- I am not going to let you pull me into a cat fight...however I will defend myself: 1. If the market can rise 1500-2000 points in 45 days, then why can it not fall 500 more to 8200 in the next 15? 2. Check out my posts on my other stocks...I am long on those..not short. Those two stocks (VLNC and GMGC) really do not react directly to the overfall market. They are storied, small cap stocks. SEG, on the other hand, typically rises with the NASD and falls with it. 3. SEG has gone from the low 20's to the mid 30's...almost a 75% rise in 60 days. Is it so wrong to think there will be weakness in the stock now...especially after such a huge run up? Do you understand the concept that nothing, and I mean nothing, goes straight up? 4. The markets are under pressure, and IMO will continue to be so for the rest of the year. Thus, I look for "rolling stocks" that are at or near there high that track well with the overall market. The NASD has been on fire and is due to cool off, especially at the end of the year when the big boys tune their protfolios and the little guys make tax decisions. The recent run up, the falling of the price on low volume, the fact that the company has said NOTHING about its performance this quarter, the overall health of the bull market and of course Clinton all seem like very plausible reasons for me to buy some puts on SEG now. SO I did! I bet one way you bet the other...get over it. My reasoning is not cheap hype, your reaction to it is childish. Sure, I can be wrong, but that's called playing the market. I have an exit strategy either way, and contrary to your opinion, I too am a "seasoned" investment professional. I was always told not to get too emotionally attached to a stock. Your reaction to my very straight forward and justified posts leads me to beleive you are very long and perhaps very bitter. I am sorry for that. Now my question to you STICH....WHY do you think that SEG is going up in the short term? I have given you my good reasons, now what are yours? Although, I doubt I will never see that response. HC