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Technology Stocks : Western Digital (WDC)
WDC 289.56+2.5%11:43 AM EST
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To: zalesky who wrote (10157)2/1/1999 7:08:00 PM
From: Stitch  Read Replies (1) of 11057
 
Zalesky,

I am still short on WDC. I have been since taking positions at 18 3/8 and again at 20+change. And I have held through the last three days that you earmark as important due to higher lows because, so far WDC has not managed to break up through the tight stops I have followed it down with. Watching the trades I still see sell side weight and am wondering what is different about this stock today then say, over a month ago. You first touted in this post in early December:

Message 6702969

In that post you say "I sold this week for a healthy profit and got back in with both feet." This is clearly short term trading interest which you are expressing here. Yet your touts are along the lines of long term turn around story.

So, my questions are: What exactly is your strategy re: WDC? On what basis are you calling a bottom on WDC now?

Do me a favor and spare me the hyperbole, upper case insults, and all that stuff. If you can't think of anything intelligent to say then just ignore these questions.

FWIW I see the support you mention in the last three days as a possible bottoming but will not cover my short unless the stock breaks through the stops I have placed on it. Right now I am thinking I will get a chance to down revise at least one more stop.

Best,
Stitch

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