WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 223.28

+3.8%

Nov 28 9:30 AM EST

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To: dan.rosengold who wrote (3231)	11/27/2017 4:03:18 PM
From: Art Bechhoefer	Read Replies (1) of 4833

The Morgan Stanley downgrade of WDC is interesting, especially in view of its outperform recommendation near the end of April, when WDC shares were selling near $89. Looking at other Morgan Stanley recommendations in the technology or semiconductor sector reveals that the firm doesn't have a great batting average. Several other investment firms, moreover, still maintain buy recommendations. Either Morgan Stanley is extremely wise (I'm somewhat doubtful of that) or numerous other firms are utter fools (also doubtful). What one can draw from the downgrade is an intent to depress the price of WDC and similar stocks, in an effort to obtain a better, less risky buying point. In that respect, Morgan Stanley is once again successful. As for the reasonableness of their analysis supporting the downgrade, it appears they overlook too many factors that are likely to make a difference (to the upside) in the next six months, if not more. Art

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