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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 176.34

-5.8%

Dec 12 9:30 AM EST

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To: Stitch who wrote (5466)	2/7/1999 5:25:00 PM
From: Stitch	Read Replies (2) of 9256

tom, Further to my last; your timing on WDC may turn out impeccable. I notice there is persistent reports of an Oppenheimer upgrade to strong buy on WDC. Further I am expecting a pop in the sector this week. The Morgan tech forum will likely get some attention back to the battered group and fundamentally, little has changed since earnings reports. I am not proactive on WDC any longer. Latest stop is at 13.50 and if it breaks it breaks. Either way it has been a fortunate call for me. There has been a good deal of speculation that there is a market correction brewing. The hottest reports discuss a repatriation of investments by Japanese concerns, especially banks who need to shore up assets/loan ratios etc. I don't see it but it is a realm of seer craft beyond my very human ken and cogitation. <G> Friday's employment report may cause some hiccups in early going Monday morning as some investors may get Fed jitters again. But I do not think the Fed is going to raise rates and chance precipitating a market tank. The actual employment rate is basically unchanged (though at a historical high). I think the fed is quite content to let the dollar ride the waves with respect to Japan. Speaking of which, Japan crash or softened landing is a large looming question. Sorry to get "macro" on you but it is where my head is at this early Monday a.m. in beautiful downtown Singapore. Best, Stitch Best, Stitch

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