AT, I am long WDC, so I am just hedging! :o)
But I have to consider selling. I am not convinced it has bottomed. Technically, I don't know, but the fundamentals will likely get worse before they get better. I think the key will be a turnaround in the Won and other Asian currencies. Only then will prices be allowed to move up. Was Saturday's rebound a head fake?
While people think Asian companies are dumping, I don't think they are. They are simply maintaining their margins even while prices drop. They figure that if they want to try to gain market share, then this is the time to do it! I don't disagree with their position.
However, even if WDC has a rebound, how high do you think it will go? I'm jsut wondering if there is a better place to put my money! I have gottom totally burned on APM, WDC, QCOM, and even CREAF in the last few weeks! What is safe? I look at just about everything and get scared off. I want to park some money in the oil drillers, but oil prices approaching their lows makes me wonder if we will see a repeat of the '80s!
Help!
Brian
P.S. Do you or anyone else here follow WFR? |
