No. of Recommendations: 16
If anybody remembers discussions of Seagate on the old boards, one famous post quoted Jim Chanos from a May 2013 investor's conference saying that if there were one stock he'd short, it would be Seagate, citing the PC business having peaked and a glut of storage capacity. I disagreed and was long for a long time.
The stock price was trading in the low $40s at that time.
Having been out of the name for a while, I just looked at a recent chart to see how things have been doing...current price $913.76. Yowza. The melt-up started about 16 months ago when it was in the $80-100 range.
So....NOW I think it might make a good short! Though I'd wait for the rocket to stumble.
Jim
