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just check the NYSE short interest, APM was ranked #1 with 38% short ratio, at 9,316,049 shares. WDC was ranked #86 with 7.44% short ratio, at 6,494,162 shares. APM has a PE of 5.68, and WDC at around 9. both look pathetic. technically, the volitility ratio is coming back to the base line, that means we could have a week of consolidation ahead. but since the world market is acting irregularly recently, expect the unexpected. fundamentally, WDC is being stronger than APM, and should recover faster. right now things just look like doomsday for both. but when things start the turn(if both can beat the next quarter estimate handily), we should see the price shoot for 10 point in a week.(think of the situation as a vocano at such low PE) |
