Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (7687)	1/4/2000 3:07:00 PM
From: Mark Adams	Read Replies (3) \| Respond to of 9256

WDC another company with 10% of the float short. My guess is shorts taking profits. This company looks especially weak, with institutional selling hitting 30% per the Yahoo profile, and a negative book value. My guess is they have another quarter or two barring additional asset sales or private placements. Should they announce a violation of existing financing terms, look for the stock to drop below $1 instantly. Note, I'm long WDC currently- but fully aware that this may end badly.