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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 254.16+4.3%Nov 14 9:30 AM EST
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From: bigchad9/6/2018 1:05:26 PM
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The more good news that comes out on WDC the more it goes down. This too shall pass........I hope!

WDC 07:58 Western Digital analyst commentary at Longbow Western Digital offers 'substantial value', says Longbow. Longbow Research analyst Joe Wittine kept his Buy rating and $100 price target on Western Digital, saying the stock offers "substantial value" as the NAND pricing trends in August are "well within the ranges" of the company's Q3 gross margin guidance. The analyst states that the 2.8% sequential memory price decline - the lowest since February's 2.7% - is also down from the 4.5% decline in July and 3.6% decline in June. Wittine contends that Western Digital stock is in "capitulation territory" with upside catalysts on the horizon including the eventual narrowing of price declines, new enterprise SSD SKUs, and an analyst day that should forecast improved profitability and clearer visibility into NAND bit growth. Read more at: thefly.com
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