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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 153.96+0.7%3:59 PM EST
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To: Robert Douglas who wrote (5689)2/26/1999 6:45:00 PM
From: Stitch  Read Replies (3) of 9256
 
Well folks, Now What?

Under any light source this is extraordinary. I think we are getting a taste of the velocity that is in this market. Now the question that still goes begging is whether the steam is being let out of the bag or are we simply seeing extreme overselling. I think it is the latter but will be awfully busy this week end trying to parse out a plan. I have had substantial erosion in my SEG, RDRT, and MXTR and may have too stubbornly held through this incredible week. I actually do not feel discouraged and think we may be seeing an incredible buying opportunity here. In any case I have until Monday to read all the hand wringing and maybe I will change my tune. In the meantime I am eyeing VECO and CPQ hungrily along with averaging my other more ill timed holdings.

By the way, I suspect that SEG executives are privately high-fiving in the boardroom. Their recent allocation for a half billion dollar buy back is going to look awfully smart when the dust settles IMO.

Robert, I think the summary PC forecast posted suggests it is time to get serious about discovering an appliance play. Any thoughts to add to that discussed on the PC thread?

Best,
Stitch
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