Robet....
There is no such thing as "every trader in the world"
If you are so confident, Go ahead and sell into this one.
Very similar to when someone complains about the spread on an option or otc stock. If you think its priced wrong, take the other side.
Personally, I was buying WDC again yesterday given its strength as I have since it was 15.
4million-ish shares yesterday, up a nice fraction, given SEG and QNTM down. Sniffing of a turn in pricing pressure, good management, scuffed but pretty clean balance sheet now with the recos....
How could you say ever trader in the world? The stock traded up 4 million shares.
What I will say is that I hate analysts. Just when a stock starts performing, they come in and put the Kabosh on you! I like their analysis but their timing is horrendous. Oppenheimer tempered the movement a bit, but it will regain momentum if it can break 20 and gain support there, rally the troops and await the moderation of pricing pressures.
By the way, triple B Moody's ranking is pretty good, probably better than any other 19 buck tech stock I can think of. 5.125% cheap money, 25% discount, big deal. Not bad. I would be willing to let Oppenheimer and Merrli buy stock at 45 if the stock makes it to 60 and it made it because of the 600 million they put up. They can probably call the bonds back any time.
Regards,
Steve@yamner.com |
