Forecast came false

Seagate (STX) Will Rebound Back to $35
25 july

I need a new hobby.


Seagate (STX) fell badly after its ER:

STX, Seagate Technology.

  • Revenue fell 9.6% Y/Y
  • Div pay out is Oct 4, for shareholders as at Sep 20 ($0.63 per share)
  • Sales of enterprise/flash fell 6.5%

Oversold. The stock will rebound to at least $35.

Previously, in 2015/16 I wrote to buy WDC, sell STX.

BUY STX PT $35. Agree?

Disagree: STX will keep falling.

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Answered:
16 people

Seagate (STX) Will Rebound Back to $35

Agreed
12 people
Disagreed
4 people

Forecast came false

STX is $31 < $35.