Replies to post #72 on Seagate Technology (STX)

[tkc]

I think you're right, but that's normal, it's likely short covering will bring it back somewhat. Buying Dec $15 calls? Looks like that's where the action is (was this AM). Need nearly $16 to make it pay. It certainly deserves $16 and then some, but that's a PE of 5 and that's where it was trading even after Q1's great report. I don't even have a margin account so obviously don't do options, no guts no glory. But I'm way too old and not wealthy enough play w/ them.

Do you have any thoughts on what STX is going to do w/ their pile of cash? Keep some, stock repurchase, debt reduction, dividend restoration? All or none? Thx

[Trueheart]

Lugan, the share price is only a couple of bucks off the 52-week low, and approx 40% off it's 52-week high.

Back to the high would produce a gain of over 50%.

I think that the general swoon in tech has taken its toll of this growing company, and I think "abandonment" of the stock has occured here as short selling seems to be done.

Trueheart