Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 176.34

-5.8%

Dec 12 9:30 AM EST

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To: Z Analyzer who wrote (7323)	11/10/1999 11:06:00 AM
From: Hungry Investor	Read Replies (1) of 9256

Z- <<So many of the in favor stocks have valuations I can't begin to understand or justify. And we wouldn't want to be the last ones to the party.>> That's just it isn't it... the "in-favor" stocks achieve valuations that we cannot understand just as the "out-of-favor" stocks (read drive makers) have valuations that we cannot understand. I agree that many of the fibre channel stocks are overvalued - find new ones coming to market that will be the next market darling - difficult as always, but the reward for making a correct guess is great (and the downside for being wrong is not as great). Vixel on the downside is a good example. People had plenty of time to get out of this "me too" stock that is not performing well. We all like businesses that we can get our arms around and feel good about, or that we know intimately. The market, however, as we all know does not necessarily reward these companies. There are exceptions as always and I don't want to get 45 responses of them. UPS today is a great exception. It will do well and I for one will be buying shares at a reasonable level. The "fine minds" bit was an attempt at being diplomatic in a forum where I knew that if I proposed a new idea, it would get trashed. No apologies from me for thinking in a different direction. In truth, there are many people on this thread that know a great deal more about these drive stocks and their prospects than I. However, these stocks are and have been out of favor for an extended period of time. Best regards, Scott.

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