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Technology Stocks : Western Digital (WDC)

WDC 187.18

+2.9%

Dec 11 3:59 PM EST

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To: Robert G. Harrell who wrote (7486)	11/12/1997 7:38:00 PM
From: Harry Stein	of 11057

Robert Harrell, I could have written your post. My thoughts were exactly as yours. I lost half my profits for the year on WDC. Based on reading I have done on expansion in asia (the entire region is a construction site) I think a lot of products will be hit hard by cheap products flooding the north american markets. WSJ had an article today talking about the huge chip capacity coming on line over there. The asian economy slow down and the currency crisis makes their dumping of product all that much more likely. I am really concerned!! I am looking to reduce my exposure in other stocks as well. Market timeing is impossible, I know, but the risks seem TOO high at this point. Best of luck.

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