Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 175.99

-2.1%

3:59 PM EST

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To: Sam Citron who wrote (10895)	2/26/2004 6:30:37 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 11057

>> Another day of outsized gains in disk drive companies (MXO +5%, WDC +4%, STX +2.5%) Sam, The drop in January is another example of the incompetence of the analysts and stupidity of fund managers who follow their advice. Seagate had some very specific quality problems that forced it to withhold 1.4 m drives from the market. Those sales went to wdc and mxo. I expect wdc and mxo to recover well from the January sell-off. I think wdc will encounter some resistance at 13.50, but will keep getting higher to stronger resistance at 15. All in the next couple of months. By the way, I'm not angry at analysts. They've enabled me to accum over 150k shares at fairly cheap prices. I am actually thankful for their incompetence. Otherwise, one could never buy low and sell high. Sarmad

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