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To: Sam Citron who wrote (6845)9/19/2003 7:34:22 PM
From: Sarmad Y. Hermiz  Respond to of 13403
 
OT ** >> Why would you upset your entire WDC position [ a stock that you see going to 22 in a year or two] due to such a trivial move in the Naz?

Because if NAS goes up 150 points to 2050, WDC will also be in the high teens. And that's an OK full value price to me.

I expect a strong shorters' attack if NASDAQ gets to the 2-year high BEFORE we see good January reports. I think most shorting hedge funds have a disasterous results year-to-date. And they will throw good money after bad in a last ditch attempt to cause a market collapse before the positive January reports come out. People will be nervous. Holiday sales would be still unknown.