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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 157.75+0.4%Nov 14 9:30 AM EST
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To: Stitch who wrote (7702)1/5/2000 12:00:00 PM
From: voodooist  Read Replies (2) of 9256
 
It seems very bullish to me that the "smart money" in WDC (i.e. the shorts) would rush to cover in the beginning of the year. To pick an extreme down day was even smarter, as that huge number of shares got bought with a relatively small price rise. So, if this was short covering they may be thinking that the down side is limited here. BWDIK.
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