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Technology Stocks : Western Digital (WDC)
WDC 173.42+6.4%10:06 AM EST

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To: tom pope who wrote (10122)1/22/1999 1:09:00 AM
From: Stitch  Read Replies (2) of 11057
 
tom,

<< I also sold my QNTM at 29 7/8, which looks good right now but might not tomorrow morning.>>

Kudos man and high five. (I bought them at the close.)

Now as to Western Digital. I think the longs need to study closely the Maxtor release. There is little doubt that they are gaining significant market share from WDC. It just doesn't make any sense to hold the underperformer in this volatile sector. Will WDC eventually regain a footing? Who knows. But it won't be this quarter as they scramble to get their house in order. Just a WAG but I am going to guess there will be more reorg here. Maybe even at the top.
Best,
Stitch
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