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

To: flickerful who wrote (7274)	11/8/1997 5:59:00 PM
From: Mark Sanders	Read Replies (1) \| Respond to of 11057

To all: I must admit I'm quite surprised at Friday's announcement by WDC. This industry is indeed cyclical, though, and will come back. However, for now, stay on the sidelines (generally, after a big fall, there is a slight rebound, followed by some more folks getting out, driving the price down further). I won't be surprised to see WDC in the 20-21 range soon. I played WDC earlier this year (bought at 28 1/2 (split adjusted), then sold at 38 1/2, then mourned when it skyrocketed to 54+, then wondered what to do next when the stock slid badly yesterday. Right now, I think I'll just stay out of the entire sector until earnings time approaches. If QNTM hasn't warned by then, then I'll jump in for a pre-earnings rally. Mark