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Technology Stocks : Western Digital (WDC)

WDC 181.54

+1.1%

Dec 26 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (10900)	2/27/2004 1:40:59 PM
From: Sam Citron	Read Replies (2) of 11057

I think wdc is going back to 13.50 within a couple of weeks. Opinions are interesting but you know I'm a "revealed preference" guy. If your level of commitment doesn't warrant a trade on the margin, I am likely to dismiss it. My own view is that exogenous forces are strong enough to make short term predictions quite dangerous these days. Of course I predicted back in December that WDC would be at 18 within a couple of months, so my caution is understandable. <g> The institutional holding % dropped from 85% a year ago, to 67% now. Do you happen to remember what it was when you bought it 2.5 years ago? It's an interesting screening parameter that I had not previously considered in stock selection. I'll have to pay more attention to it. As to what happened to my holdings in the crash, basically my portfolio was down 70% from high to low point. Did you liquidate most of these holdings or keep them? I have already decided that any wdc I sell now will be replaced with something else. Like STX Isn't there an underlying problem with STX management that is going to have to change before things significantly improve there? Sam

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