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Technology Stocks : Disk Drives - Buy When BLOOD is in the street
WDC 200.42+6.8%Jan 9 3:59 PM EST

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To: James Connolly who wrote (51)7/12/1997 11:39:00 PM
From: flightlessbird   of 93
 
JC: I'm about 60%APM and 40% WDC and QNTM, but

while APM clearly has the highest upside, I've gone with WDC and QNTM to balance it out in case APM announces some downwards earnings surprise (very unlikely as I see it). Clearly here APM is the high-strung volatile one that could rocket to the moon (I mean to 60 or 70) in a short period of time. But it might not. So I think WDC and QNTM are a safe bet for both to increase 50% over the next 6 months based on good earnings, continued PC demand, and a sector that has gotten hammered recently for no reason. My target price for WDC is 51 and for QNTM is 30. If the earnings continue on track, these targets should be reached.
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