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

To: Berney who wrote (7261)	11/8/1997 11:54:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 11057

Well, I am not sure how much of your assets you plowed into this stock, but I still only have about 50% of what I originally wanted into it already. Granted, I am not at all happy to see the stock I bought on Thurs. depreciate 25% overnight, but I am very glad to have it happen now so that I can get stock at this next level rather than higher. I don't think that many knew the news coming into the morning. The stock has been bad but then the whole sector has. If all the bad news is out, I would hope that somewhere in here we get a bottoming. This kind of crack in a stock is exactly why I said that you have to anticipate this stock falling to 25 (when it was 30). As far as S3, that stock was the most profitable stock I had this year. I hit that stock dead on the way from 9 to 18 and then kissing it goodby at 15,16 on the way to 7. You can't get them all right and they don't all go straight up. When you get that gut wrenching feeling in your stomach, that is usually time to buy and time to stick with quality Remember that only 8% of the shares were dumped yesterday and the rest decided to stick put because they liked the company that much. Atleast the stock moved from weak hands to strong hands. Good luck to you. Regards, steve@yamner.com