Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 166.30

-4.7%

Dec 17 3:59 PM EST

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To: Stitch who wrote (10180)	2/4/1999 7:35:00 PM
From: zalesky	Read Replies (2) of 11057

To all: The problem with short sellers is they work on the psychology of those investors with little or no experience. They force people who have been hurt to sell at or near the bottom in companies which have proven track records and products. Take the case of Oracle. A little over a year ago the stock was destroyed after handily missing their quarter. I remember the terrible short sellers then bragging about how the company was finished and the stock would languish in the upper teens to low 20s for months. Well, we know how much of a success Oracle has been since then. I believe the same scenario is in store for WDC. Today's slight move down on VERY little volume (NASDAQ -83 points) is a CLEAR indication that the sellers are just about through with this issue. Every day the news from Asia is getting a little brighter. HWP will give us another dose of this reality on the 12th with their earnings. DO NOT SELL WDC!! As my previous post suggested:nibble a little bit at this issue and watch it slowly slug its way back to 20. Don't let these charlatans with their so called knowledge of the industry scare ya out!! I purchased another 100 shares today in the upper 12s and will commit additional dollars if this mini-correction continues. Good Luck to all who are long on WDC!!!!!

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