Western Digital (WDC) Message Board

STOCKTALK

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 269.39

-7.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: steve goldman who wrote (7259)	11/8/1997 12:27:00 PM
From: STOCKaHOLIC	Read Replies (4) of 11057

Steve, I was tempted a few times to buy some WDC Friday. A few things are kept (and keeping) me from jumping in. First, take a look at Quantum. It took a 15% hit in sympathy. I would be really pissed if I was long QTNM Thursday night. I also believe they will be warning in the near future. If this happens, the rest of the DD stocks could easily get hammered again. Second, when companies warn, they usually follow with additional bad news. I don't believe the bad news is over for WDC (just my opinion). Third, I believe the 4th quarter of '97 will prove that technology companies can't keep growing earnings exponentially. This should hit the whole tech sector. I still like WDC. I own a WDC drive myself. I just don't think the bad news is over for the DD sector. Once Quantum warns and gets chopped, I'll be buying the DD's big time. For now, I'm watching and trading. Also, looking over my shoulder for the BIG MARKET CORRECTION. Everyone is waiting for it. I'm beginning to think a correction would be healthy. Did I just say that? Maybe I should have my head examined! Good Luck Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next