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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Yogi - Paul who wrote (5442)	2/6/1999 7:12:00 PM
From: Stitch	Read Replies (4) \| Respond to of 9256

Guys; Lawrence, in his editorial post, (we all know by now what "yeah, whatever" means coming from Lawrence) links an article that hardly gives me warm fuzzy feelings of FLBA. (The old rule of thumb for salesmen when they do their forecast seems appropriate in this context- "Future Looks Bright Ahead".) Greenspan may have added a little water to his highball of warning but it is still, nonetheless, a warning. To wit: “You cannot have the United States as an oasis of prosperity ... if the rest of the world is in serious trouble,” he told the Senate Budget Committee. “So far, we've managed to do that, and so far there is no evidence of which I'm aware that that is about to change. But clearly, we do live in a global world and we will be impacted in a more general way eventually unless the rest of the world starts to pick up in a significant manner.” I spent the better part of 1998 in cash. A few weeks ago I relaxed and put about 20% back into mutuals and increased discretionary trading by 5%. That alone is a likely a sure sign that it is time to circle the wagons. A week or so ago when I re-upped Seagate and bought some QNTM (arrrgh). As mentioned previously I have also bought CPCI, MTIC, ZIGO, and some GLM. I have older long positions in BBTK, ESIO, and CPQ. I averaged down on ZIGO recently. So now, is the DD sector's correction a general slide born of profit taking, fed concerns, earnings concerns, etc etc.? And is it due to recover some recently lost ground? The other question I have is WDC but it is less important as I have followed it down with tight stops, adjusted again on Friday to 13.5 (it never came close). But I have noticed that large orders on WDC were scant in the last two trading sessions which makes me wonder if the institutions have settled in now on the stock. Could be a turning point. Other near term considerations are a possible short on HMTT and a long on KMAG. I am cogitating on this one. P.S. We all should have shorted the group on January 15. techstocks.com Best, Stitch