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

To: jgideon who wrote (1378)	10/30/1997 11:39:00 AM
From: Sawtooth	Read Replies (1) \| Respond to of 9256

jg - I agree with you. Even if APM only earns $2.50 instead of $4, it still looks like a decent investment. I didn't think I'd ever see WDC at < $30, barring a split or meltdown. I'm a buyer, too, only I'm going to build up the position slowly. Maybe WDC will go down to 9 or who knows what. I have a hard time building a case for that happening over a reasonable amount of time. I think when you cut through all the fat it gets down to whether one wants to speculate on the shorter term movements of the stock price or one wants to purchase ownership in a company for, perhaps, "forever". I've got nothing against trading and have picked up some decent cash doing such but my returns have always been hugely better when I decided to purchase a share of a solid company with "forever" as a potential holding time. Best of luck; it can be ugly out there. ...Tim