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Technology Stocks : Full Disclosure Trading
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To: Sultan who wrote (7430)1/6/2004 9:46:43 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 13403
 
WDC bot 2000 @ 12.65 a minute before the close.

Komag today said demand is very high for their platters. And WDC is Komag's largest customer.

Besides, the chart still owes me a 2-dollar light candle, on high volume. When it happens, I'll be selling at least 10% of my total shares.

I also think that the steady prices of disk drives have disproved the fear-mongering of some analysts (mainly Ashok Kumar) that price war would break out among drive makers, destroying profits. My estimate is that WDC earned approx 32c last quarter.

Sarmad
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