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Technology Stocks : Western Digital (WDC)
WDC 260.26-3.4%3:59 PM EST
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To: steve goldman who wrote (7259)11/8/1997 10:39:00 AM
From: Berney  Read Replies (1) of 11057
 
Steve,

The flowers you and I keep landing on seem to be wilting. Thanks
for a well-reasoned, thoughtful and thought-provoking discussion of
WDC. The examples of the last few weeks sure leads one to understand
why Buffett doesn't like technology stocks. But then, his darlings
(i.e., KO, G, MCD) haven't been doing all that well either.

With S3 I left with a 10% haircut, here I stay with a 30% haircut?
The sad thing is that if you and I were really watching the tape and
chart, we would have seen that there was a clear and decisive
downward trend that developed 8/20 and has not slowed.

Well, more tuition paid to Investment Education Institute of Higher
Learning. The problem now is that this puppy is going to take some
time to heal and one must ponder whether to take the tax loss and
come back in thirty days? Well, I've got a couple of days to ponder.

Berney
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