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Seagate Technology Public Limited Company Message Board

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  • the_truth_stinks_2 the_truth_stinks_2 Jan 23, 2010 10:52 AM Flag

    If you sold or shorted STX yesterday...

    "there is a double dip recession coming and STX (and you long investors) are smoking some really good stuff if you think that $3 for the fiscal year, or even $2.50, is going to pan out"

    Is that your thought or are you playing devil's advocate?

    If the former, why haven't you sold your STX stock, if you believe that?

    With 2 quarters to go and $0.90 for this quarter
    we would already be at $2.50 without anything in June!

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    • Did you not read the "because I didn't" in my post?! Of course I was playing the devil's advocate. I'd hold on even if I believed the $2.50 was the reality coming (which I don't) because I believe there is an even greater revenue and earnings stream coming in FY2011.

      As has been posted elsewhwere, facts are stubborn things and the market will ultimately catch up to the facts. Unfortunately, because of STX's recent abysmal track record, this time the facts will have to lead the market up the next leg rather than the market rising in anticipation of the facts as is more usually the case in the investment world (and was the case as STX moved off its bankruptcy fear low of $3 to the high single digits ahead of the corner having been obviously turned operationally).

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