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: Sam who wrote (3281)	11/29/2017 10:05:24 PM
From: SiliconAlley	of 4833

That is typically a reversion to mean issue, which is not prevalent in the industry. Having worked on trading desks, I can tell you that crossing the 200 day MVA with conviction is a big deal. I've seen portfolio managers liquidate positions on that single factor alone. WDC suffered severe technical damage today. Other stocks you have mentioned, down similar percentages, did not. There is a big difference between being punched in the face while healthy, versus being punched in the face after getting shot. Its not what happened that is most important, but rather the context within which it happened. Bottom line is that absent some earth shattering news, this stock has significantly more downside ahead.

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