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Technology Stocks : Western Digital (WDC)
WDC 282.58+8.6%Feb 6 9:30 AM EST

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To: steve goldman who wrote (7086)10/30/1997 10:13:00 PM
From: marc chatman  Read Replies (1) of 11057
 
Steve, good to see you aboard. I've read your thread occasonally and found some good info.

I rode the WDC elevator up, and (sadly) down. No problem as long as I learn not to do it again.

The pattern for WDC on most days recently (except for wild, market driven days) has been a gap up at the opening followed by a fade marked by lower highs and lower lows throughout the day. One of WDC's main head suppliers, APM, has had a similar pattern. Someone was surmising that it was a distribution pattern. Is that correct? Have you noticed a recent change showing accumulation? Someone here noticed a couple of large block buys just before close on Wednesday.

Now, I'm just hoping we don't get too much of a downdraft so that we can find a base and begin moving in the right direction. Good luck.
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