Stitch,
I wish I knew the answer to your question, "So now, is the DD sector's correction a general slide born of profit taking, fed concerns, earnings concerns, etc etc.? And is it due to recover some recently lost ground?" Frankly, WDC, RDRT, MXTR and SEG's corrections all seem warranted to me. Even HTCH and KMAG. MXTR has hardly corrected at all, SEG is still pretty normal for that stock, KMAG, RDRT and WDC still have plenty to prove, and their correction should have been steep. HTCH just had an offering, and considering their giant run of the past couple of months, their correction also hasn't been that steep, although someone who owns stock in it may of course disagree. I am puzzled by how steep QNTM's slide has been, it seems to me to warrent more repect than they have gotten. I suppose that the drive business must be seriously in question here, although perhaps some of it comes from uncertainty about how SDLT will stack up against Mammouth or future AIT offerings? Can't be LTO, as SEG virtually said in their last CC that they won't be seriously ramping for the foreseeable future. Or perhaps being in two distinct businesses of such unequal value (three if you separate DLT and ATL) just makes analysts think, "Geez, this management must be stupid if they are burying the value of DLT in the drive business, look at, e.g., STK, for a comparable value".
Or maybe I am allowing the fact of owning stock in this company to obscure something really obviously negative about its prospects. |
