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To: Sultan who wrote (3729)1/3/2003 4:20:08 PM
From: Sarmad Y. Hermiz  Respond to of 13403
 
OT ** >> WDC seem to be behaving nicely to my untrained eyes..

Sultan,

Yes I think someone felt obligated to cover 500k shares they shorted on Tuesday @ a dollar lower. Probably a less than adept aspirant of the dark-side persuasion. Likely his broker liquidated his position with a buy at the market. And then closed his account.

Anyway, I think it was a short-cover, because it was the same size as the sell on Tuesday. And there was no follow through, and it was at the last possible moment.

By the way, the short on WDC increased from 5.5m sh to 12.5m from mid-nov to mid-dec. And I think it increased a whole lot more in late December. I'm hoping it will take out the 3-year high it made on Dec 1.

Have a good weekend to all.

Sarmad