Hi, YxY, I cannot disagree with you, but, if I wait until that supply is taken, I miss half the move, on the other hand there is excellent support at $4.5 or so, thus buying at $4.875 seems judicial, if one takes into account that the sector is coming slowly back into fashion, once WDC takes out $9, I think that a lot of buying will come into the sector and carry RDRT with it. In any event, my recommendation was at the time to buy both ($4.875 for RDRT and $5.75 for WDC), the latter is already pushing $8.75, or a good 50% plus gain, so that should compensate for the slowness of RDRT taking off.
Zeev |
