SEA OF BEARS

STX

I am considering to add some STX here. It blew out its estimate last night and also provided fairly strong guidance for Q4/05 (June). The consensus numbers are upped significantly and the stock is under valued here (14XE05, 10XE16). I believe techs continue to be oversold here and earnings, while mixed, have been rather robust. There are very few sectors that are working and it appears tech is one of them, or starting to become one. 12-month target is $24, and stop loss at $16.5.