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Strategies & Market Trends : Three Amigos Stock Thread
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To: Galirayo who wrote (21557)10/23/2000 7:25:57 PM
From: Sergio H  Read Replies (1) of 29382
 
Ray, tech stocks are trading at more reasonable PEs, some are now at 5 yr. lows. Looking at LINK, you'll see a stock with a PE 3x its growth rate. IMO,LINK is a little too pricey for the current market conditions, but it's worth keeping an eye on.

Nice finish for PLNR.

Have a look at ATVI. Looks like it's going to go for new highs. Cooking in afterhours.

BRCD, a storage stock hit a new all time high today. Which brings me to WDC. I want to say a few cautionary words on this stock. I own it and like the odds, but this is a very speculative play.

WDC has been in the red the past few years suffering against stiff competition and slowing demand for disk drives. The turnaround plan focuses on the company entering more lucrative arenas such as network attached storage where EMC and NTAP are currently market leaders, data warehousing and consumer products. These areas are brand new to WDC and difficult to predict how successful the company will be in establishing a niche.

Over the last few months, WDC has had some
positive sounding developments indicating that they are forging important business relationships in their targeted growth areas, but the proof is in the pudding. We'll get a better picture on how the plan is developing when earnings are released this week. Additional risk in an earnings dissapointment due to supply chain shortages is also something to consider.

For today, large block trading turned slightly positive in the afternoon.
Sergio
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