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

To: Pawan Lingras who wrote (814)	4/14/1999 10:51:00 AM
From: William Epstein	Respond to of 1989

Pawan Lingras; So, do you think that 28 5/8 is near the top? Do you see this as an important rally? The volume doesn't indicate anything today. Just an order imbalance at the open. Stop fucking with my head. Its already fucked up enough. 2.5 mill. shares by 10:30 but it can't get it's ass to 30? Seriously, I don't think we will see the price rise in a big way for a few more days. However, between now and the end of June we should see a very nice improvement in price. I might also add that what I have been seeing on the charts is that while the price kept dropping Money Flow increased on a steady basis.(the price always rises when Money Flow rises). Yet, we've seen 2 price breaks downward on Friday and Monday. Indicating, massive accumulation while the stock was being forced down. Combined with some of the extraordinary volume we've seen within the last 3 weeks, I would say, someone is out there buying it up, big time. The stock is under accumulation and nothing will happen until the accumulators are ready. Then it will suddenly be in favor and a darling of Wall St.. Remember, Silicon Graphics, Apple , etc.? At least, I am encouraged by what I see. This accumulation means that someone is interested. That's what makes a market. It could be the other way with no one interested like the bulk of the smaller caps. Maybe, they're waiting for Y2K in the second half. They don't tell me their plans. I wish they did. PHOTOMAN