Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 174.98

+5.2%

3:59 PM EST

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To: zalesky who wrote (10179)	2/4/1999 12:34:00 AM
From: Stitch	Read Replies (2) of 11057

zalesky, Its one thing to hype a stock without any rationale. It is quite another to insult those of us who have offered our own analysis in the spirit of sharing info. I have been both a long and a short on this stock and each time I trade I report in to this thread my rationale. I would normally take great umbrage at your cheap shot. << They seem to come out of the woodwork like your common vermin.>> But in this case I will consider the source. Besides, I can take my succor in knowing how you must appear to others that read your posts as well as counting my gains. For those that care to know, my stop buy has not triggered yet (presently at 14). It came very close in trading yesterday. WDC showed trading strength throughout the day as the whole sector was buoyed by the general market sigh over a lack of directional change at the Fed. High Tech took up the battle cry again and the bleed in the internet stocks was staunched, at least for now. That is the reason for setting stops in a range above the trading level. It is specifically to allow for trading anomalies that have no cause and effect with the underlying stock. Normally I would have expected WDC to fall a bit more on the acquisition news. The company they are buying is relatively unknown so it is hard to evaluate whether they propose an accretive deal. Given the company's cash position it is also hard to imagine an acquisition at this point. Clearly the board is putting great emphasis on developing new businesses to insulate them from the drive industry. I think this means we will see WDC pursue other strategies as well. That translates into a lot of unanswered questions. Zalesky would have you believe that I and others that take short positions are somehow "vermin" and "exceptionally greedy". On the former it is just a common insult. The kind hurled by people who run out of lexicon and rational thought, especially when they are losing. On the latter, I fail to see what is more greedy about the short side versus the long side. Zalesky would also ask you to believe that short sellers are somehow "apocalyptic". If this were true I would not have bought KMAG at 3 1/2 or RDRT at 8. In fact, WDC is my fourth short trade since January ,1998. I do not normally play shorts due to the implied trading handicap of those trades. I only do them when I have a very strong conviction about the company involved. Zalesky will keep beating the drum as he has all the way down. Then, when and if WDC does finally turn, he will crow, instead of eating it. Always has been a little intellectually arid on this thread. Stitch

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