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Jim Chanos is speaking today at the Sohn Conference in NYC where prominent investors reveal their favourite long and short theses. Jim Chanos has apparently dissed the HD sector as being a value trap, even a low multiples of earnings, at the beginning of what he believes will be a bad secular trend, singling out Seagate as particularly poorly positioned, and feels this view is bolstered by on heavy insider selling there.

Regards, DTM
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