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Strategies & Market Trends : The picks
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To: Andrew Vance who wrote (1999)1/15/1997 10:49:00 PM
From: p. webster   of 6124
 
Re: Losses

I too bought WDC at 19 and sold at 18 after holding for 18-24 months. Pisser. The lesson I learned from that is that you have to have a management that wants to have their stock price go up. The P/E on this was 5 the whole time I owned it. They were making money hand over fist, & with every earnings release they tanked the stock with thier negative comments.

This is one of the reasons that I've concluded that I shouldn't do tech stocks. As time progresses, I'll admit to my other failures, too.

Good luck with your current picks.

P. Webster
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