Disk Drives - Buy When BLOOD is in the street Message Board

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Technology Stocks : Disk Drives - Buy When BLOOD is in the street

WDC 158.03

+5.2%

Nov 3 3:59 PM EST

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To: Sam who wrote (56)	11/8/1997 5:04:00 PM
From: Johnathan C. Doe	Read Replies (2) of 93

What do you think the P/E is for WDC at 23 5/8? I am figuring that the under 10 P/E is forward looking based on assumptions that are no longer accurate. What do you think the new forward looking P/E on WDC is at 23 5/8? This is a spectacular meltdown in these issues and you can never really get into them very safely because any buy will take a hit when any of the others announces more problems which seems the situation. My bet is that Quantum blows earnings in spite of what the company said and everyone is going to be pissed that Quantum misled them. You have to figure that when a high runup stock drops hard, you are going to get selling in it till anyone with $1.00 of profit cashes in the chips. I suppose with that thinking WDC will hit 8 before it recovers.

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