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LoverBoi,
WDC up on approximately 1/2 average volume, on a day when NAZ is up...following basing at 16-17 level.
WHAT'S IT SPELL??
W A I T!
...for pullback to 16+ to 17ish for entry, IMO.
Market will continue to run most likely on fed meeting this week, but there will have to be some profit taking at that point or shortly thereafter, I'd assume.
Even if WDC goes higher with the market, it will come back to this range prior to next take off. You'll get another chance, I'm bettin' on it. <gggg>
This one on my RADAR screen as well, along with the DDs, the film makers, etc.
I did the Vlasik (VL) spin off today, having some CPB (Campbell's Soup) in the longer term {cough!} porfolio. Goldman Sachs downgraded CPB today from market outperform to market perform, but the spin off enabled CPB to dump millions in long term debt onto Vlasik, which will assist CPB in their cost cutting measures. Vlasik still has market share, however, those sandwich slices really did the trick last year <gggg>, so I think this is still an excellent long term play.
biz.yahoo.com
I'm not in agreement with the above referenced Motley Fool write up, but what else is new? Personally, I rate CPB, "Mmmm mmmmm, good!!" as I'm kinda sorta happy with the Vlasik shares that just descended upon me today. LOL!! I will accumulate some more once it stabilizes post-spin off, as there's nothin' like some of that Campbell's Tomato Soup on a cold, cold day. ;)
xoxoxo,
V.
P.S. to Ray,
LOL...you're waiting for WDC to break above the 50MA, and I'm in on the pullback! :) Different strokes for different folks and all of that? <ggg>
bigcharts.com
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