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Technology Stocks : Western Digital (WDC)
WDC 169.55-0.2%Dec 9 3:59 PM EST
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To: PeterR1700 who wrote (7774)11/21/1997 8:51:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 11057
 
Glenn - I believe we've spoken before about WDC - but if you've the time - I'd like to re-check the pulse. I bought in in the high 30's so today's price is no picnic. In light of the decreased estimates - what are your thoughts about the longterm future? Peter, I wrote naked puts at a strike of 35 that expired today well tomorrow at noon. I closed the puts with a large loss. I did not roll out to another month as of yet. The reason is I have not studied the DD sector enough in during the last month nor WDC specifically. I will be happy to post my opinion as soon as I feel I have enough information to have an opinion. I has so many other securities to deal with that I did not give WDC enough time recently. Specifically the others were ASND, COMS and INSS. I had fewer positions with WDC. My research the entire tech sector is out of favor in oversold in my opinion. I know that is not company specific. The SEA Asia concerns seems to be affecting the tech sector more than any other. There is the commodity issue lately. Off hand, I believe there is a huge market out there even at reduced margins there is a lot of money to be made. I am sorry that is all I can offer at the moment. Glenn
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