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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 254.16+4.4%3:59 PM EST
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To: Elroy who wrote (4133)4/28/2019 10:51:20 PM
From: Return to Sender1 Recommendation

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FJB

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We will get some data points tomorrow evening. Some cycles are absolutely horrible and others are surprisingly shallow.

If you look at a long term monthly chart of WDC anyone who can read it will see that the last time that WDC hit single digits was ten years ago. But the volume of buying in December says shallow cycle to me.



We had a rare 90% upside day in late December with absolutely horrible sentiment. WDC is not a stock that is difficult to read based upon this long term chart.

WDC will not be seeing single digits for a long time.

I'm not saying it couldn't happen. But this chart says it will not.

Furthermore fundamentals don't always tell the story. That's why WDC could still run higher even if its earnings and outlook fail to meet expectations.

RtS
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