SI
SI
discoversearch

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 : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?


To: Sam Citron who wrote (6835)9/17/2003 8:19:12 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 13403
 
OT *** >> Was it the digital surveillance PR that got WDC jazzed today or was it something else?

Sam,

I don't think the PR did anything. There's a steady stream of these all the time. But it does look like funds are trying to get back into the stock now that the feared blow-ups in the head making operation did not occur. Remember that WDC was at 13 1/2 in mid-July, and making new highs every day. Then came the really stupid downgrade with price target of 8 in 2006. And the idiot fund managers rushed to dump their shares.

I think now it is becoming obvious that the $93m purchase by WDC will result in over $100m addition to profit annually. And maybe that obvious fact is now dawning on the fund managers.

Sarmad