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Technology Stocks : Western Digital (WDC)
WDC 155.64-2.7%Dec 3 3:59 PM EST

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To: fiberman who wrote (9961)11/11/1998 6:34:00 PM
From: Stitch  Read Replies (1) of 11057
 
fiberman,
<<Is the brief party over with? We broke 15 briefly, but are down again. >>

Maybe just a slowing and a longer term awakening to the fact that nothing has been resolved with respect to over capacity putting a cap o this and other DD stocks without a story. Notice that HTCH, for example, has a story that suggest they can dominate share and are enjoying a premium for that story compared to other DD stocks. A quick look ahead at WDC's earnings growth (or lack of it) tells their lack of a story IMO. Short term trading opportunities may be abundant for a while as these guys move within a broader market framework.

best,
Stitch
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