<Jeff, Do you follow Western Digital? Briefing still rates it a long term buy, even after
the $9 drubbing it took earlier this week. Your comments are appreciated! Jeff>
Sorry, I don't follow WDC, I use them in the systems I build, they have a reliable product and stand behind them 100%. I also use Seagate. My only comment is; I've changed my buying habits...if I can't enter at or near a bottom, I don't buy! Period! But, I do have gambling money and I use that for fun/excitement/trading/tax writeoffs.
I was confident about HTCH,(related) and trend was solid, then bought ton of call options,it tanked next day? Back now,almost. My problem is timing (or luck?) I took my loss and bought more ASND options thinking it was going to bounce faster...wrong. Now, ASND has leveled off til actual earnings report. I would have expected atleast $35 today? So, lets wait another week, maybe they are just priming us for a(small) surprise "I'm not as pessimistic as most people. ASND has too much going to be valued less than $40! I still believe we will see $50 for a brief time before the end of year with a pull back to $45 by Dec.31st. End of Jan. 98 $60 all the way...
I've read some of the Briefings comments....Just one thing to say. Don't let them sway you w/ their comments either way on tech stocks. They miscalculate on some of their speculations. Especially there favorites. Take ADI been a favorite for long time with this comment:Technical breakout, rising volume... Solid earnings prospects. Well it broke down yesterday on volume, fortunately today it recooped? maybe consolidation is finally over and yesturday was an attempted shake out...could be a good thing...I would watch close.May be it will finally happen?
ASND on/off/on their favorites list?
My view on Ascend and other techs...That the realization these companies can not continue 40% growth is starting to sink in. And that 25-30% growth is an acceptable investment vehicle. So once this is excepted valuations will become realisitic.And the stocks will rise at a slower steadier pace and volitility will decrease.
JJ |
