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Technology Stocks : Western Digital (WDC)

WDC 169.99

-2.4%

3:59 PM EST

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To: Ian@SI who wrote (10072)	1/16/1999 10:34:00 PM
From: Stitch	Read Replies (1) of 11057

Ian, I know you to be a solid investor with a willingness to do a lot of reading and fundamental research. I know this from following closely your posts on the semi conductor equipment thread where I feel you hold your own against the bears. Now you are asking Zalesky, who has done nothing but hoo rah this stock, without one iota of rationale, for an explanation of his latest statement. Good luck. Now let me ask you a question. What is there about WDC that makes you feel bullish about it? I see it as a screaming short that will nosedive as soon as there is any hint of renewed difficulty in the sector. Even if you buy into the recent upgrades in EPS (we should say losses per share really) this company does nothing but bleed for several quarters. How far out are you going to justify current pricing? FWIW I have sold SEG and shifted my focus to non pure DD plays that keep me in data storage. (Disk array and equipment companies). I am also likely to renew a short position in WDC having narrowly ducked the bullet of this recent mania by covering before the stock rose above my sell point. Still gunnin for it. <G> Best, Stitch

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