SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Western Digital (WDC)
WDC 262.70-8.1%Feb 10 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Johnathan C. Doe who wrote (7090)10/31/1997 5:24:00 PM
From: space cadet  Read Replies (1) of 11057
 
Johnathan, excellent post. You and I seem to be in the same stocks. I feel much more confident about cs and sunw though. I think the entire dd industry will be in the dumps for 6 months at least. I am virtually positive that nothing will happen till Jan '98. Seg's problems will continue to haunt this field for another quarter or two. Qntm doesn't expect to make money on disk drives, so I doubt wdc will set any records and the comparisons might be tough. I learned a very costly lesson by not unloading wdc when the price was in the 40's (50's would have been too perfect to expect). I won't make that mistake again. If wdc could hit 35 by Jan I would be happy with that (with my remaining small position).
Incidentally, coms is another of my huge mistakes. I think it too will take a while to recover. cs imo is a better bet because it has already gone through a 6 month consolidation period which wdc and coms are just beginning. I don't know about 6300 on the Dow, though I am expecting at least one more test of the recent lows. But the dd sector will definitely be weaker than the overall market for the forseeable future. Personally, I'm going to leave it be for a good while and visit it again next year some time. If people end up making moolah in the interim then they deserve it. I think anyone expecting to make money here right away (i.e. as in options) is taking a humongous risk and the risk/reward ratio looks pretty bad to me.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News