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Technology Stocks : Western Digital (WDC)

WDC 282.58

+8.6%

Feb 6 9:30 AM EST

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To: Chris Anderson who wrote (7123)	11/3/1997 6:52:00 PM
From: Brian Lempel	Read Replies (1) of 11057

Chris, here's my take. There is no doubt WDC is a great value at these levels. I still think it will go loer in the short term because the markets aren't out of trouble yet and it is still in the dog house. I'm thinking that the Asian markets may catch another flu and when they do, look out below, because WDC will probably fare worse than most. If we have a decent rally and get into the low to mid 30s, then I think support will hold at 30. If WDC is stagnant before any kind of fall, it will be shattered and we will be out in no man's land without support until 26-27. So it would probably be smarter just to buy it. I'm being an idiot and trying to time it. I might very well miss it, and we know that when it takes off, it's going back to 50! I guess I'll look really smart then! <g> Brian

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