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 163.26

+3.5%

Nov 28 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hcirteg who wrote (8368)	1/3/1998 10:28:00 AM
From: christopher d licata	Read Replies (2) of 11057

nice analysis! it looks like a corner has turned. any stock that loses 60% in a quarter(ugh!)is going to face tax loss selling as the year winds down, plus the portfolio idiots dump a stock so they dont have to explain their usual rotten logic. those 2 forces were a huge drag on wdc. the psr is .40,no debt, and a good case could be made that the asia problems are a net positive for wdc in the long run due to lower manu costs. a clear bottom has been made, and the big money may wake up and say,"hey,60%down in 3 months is enough of a punishment" and the recovery begins. throw in short covering and a nice nasdaq market in jan, and this stock has no place to go but up. where it ultimately goes to, well have to wait and see, but it has a lot of ground to make up, and resistance should be very light on the way up. good luck to all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next