Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 172.00

-2.5%

3:59 PM EST

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To: Randy Ellingson who wrote (8363)	1/2/1998 9:33:00 PM
From: Jeff Mills	of 11057

About one year ago I bought WDC for the first time, paying about $28/share presplit. I bailed on the stock at $45. I have just bought WDC back again, this time at $15 1/4 on Wednesday. I added a bit more today at the close at $17 1/8. I think $25 is an achievable target at some point in 1998. WDC is such a huge momentum stock, and when money begins to flow into the stock it moves quickly. I was impressed with today's and Wednesday's volume. WDC was in the top 10 on volume today on NYSE, which tells me money is being put to work in the stock. The PSR on WDC is under 0.35, which is advantageous. At its highs, WDC sold at a PSR of over 1.0. Good luck all- Jeff Mills

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