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Technology Stocks : Western Digital (WDC)
WDC 166.10-2.3%Nov 12 3:59 PM EST
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To: Stitch who wrote (10076)1/17/1999 10:40:00 AM
From: Ian@SI  Read Replies (2) of 11057
 
Stitch,

Nice post. Thanks for the link.

Again, I suspect it highlights a difference in our approaches to making money. Both can be and probably are successful. They just deal with different periods of time.

I prefer to buy companies, which are quite likely to prosper in the mid to long term, but are currently being drowned in a sea of bad news.

WDC fits that bill almost perfectly. Except that within the past couple months, more analysts are seeing the light at the end of the tunnel.

If you look at the Semi Equipment performance recently, all it took was a strong desire for the equipment recession to be over before the stock prices have tripled or better off their lows.

I wouldn't mind seeing a similar event with this sector. :-)

Ian.
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