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

To: Sheba who wrote (7165)	11/5/1997 8:31:00 PM
From: flickerful	Read Replies (1) \| Respond to of 11057

i also find the 15% up very encouraging. had we closed a bit higher, the chart would have looked pretty damn good too, but it has improved. as to going lower, i am not so sure: the support at 30 seems stronger. as to a "price war": ads with discounted drives are the ordinary course of business; i would hardly suggest a manufacturer's rebate on old inventory amounts to a price war. i would caution against invoking market hyperbole where none exists. we have enough trouble...

To: Sheba who wrote (7165)	11/6/1997 11:44:00 AM
From: steve goldman	Respond to of 11057

Thanks. Its not that I want or think it will go lower ( I trade it just about every day and own a few thousand long, so far) but I prepare for the worst. I am a pessimist when it comes the brutal nature of the market. I assume the worst and then, if I still like the company, I feel good about my decision. I buy it anticipating it going to 25 and keep reserves to own more. If they take this company lower, I will continue to buy it as long as fundamentals dont change. Fundamentals change, depening on which changes, and I might be gone immediately . I have been trading it great lately and am starting to own some long. But I think the market, not specifically this stock, has some downside, so I never buy toomuch at any one time. I always prepare my long term portfolio for the worst. If everything were rosy with WDC the stock would be 60. When a stock makes $2.50-$3.0 has a great balance sheet, market leadership and great product, all of this is second to management which I think is one of the sharpest in the industry. management will pull a company through bad times. Besire the restatemetns, this is theprimary reason I wont even consider looking at s3 regardless of where it goes. Any strength in S3 would be a selling opport (if I owned it which Idont). Regards, steve