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Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (10901)	2/27/2004 8:55:32 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 11057

>> Do you happen to remember what it was when you bought it 2.5 years ago? In '00 and '01, the institutional holding was under 50%. Then WD sold a lot of stock to institutions to stave off bankruptcy. So the ownership went way higher. To the 80%+. Of course the stock also gotr diluted by 150% - without a split. I don't like to buy any stock with very high ownership. Above 85%. The best situation is buy a stock before the funds discover it. And then sell it to them. >> Did you liquidate most of these holdings or keep them? I sold everything and bought wdc and maxtor. Then I sold maxtor and replaced it with wdc. >> Isn't there an underlying problem with STX management that is going to have to change before things significantly improve there? Definitely. One shouldn't buy before they do their secondary offering in June or July this year. I think that is why the stock is not recovering. Still, STX has great technology. And when they yoke the analysts to their purpose, it really goes up fast. I have done a few trades with stx. Each of them profitable. But I don't like to hold it for long. Sarmad