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

To: Randy Ellingson who wrote (7414)	11/11/1997 7:43:00 PM
From: Vanni Resta	Respond to of 11057

Randy, I actually explained very clearly that my opinion on WDC (which turned out to be right, the ultimate verification) was based on earnings revision analysis and the views of some fund managers. Both are quite credible and believable sources of information, and there was no reason to doubt those sources any more than any other much more dubious sources and rationales which are presented here. If anyone had any doubts about my view, and mostly those people were in the WDC thread whereas elsewhere at the time there was a much more open discussion of WDC, it was because they had their heads in the sand and were more ostriches than investors. Some people simply cannot handle cognitive dissonance. As for my manner, I began posting my views in a quite amicable fashion but changed my tone only AFTER people started viciously flaming me, not because my views were wrong, but because they did not want to hear opposing views. In short, I got railroaded, the way many throughout history have been railroaded when they present a minority but correct view that the herd does not like. Result: the herd stomps them. If anyone thinks this is all a waste of time and has nothing to do with WDC, use it as a lesson that the herd mentality can be very dangerous, both in life and in investing. As for the Happy Investing!, it can never be posted often enough in such a grumpy crowd as that which exists in SI and WDC in particular, which is exactly why I go through the effort of posting it almost every time. Happy Investing! Vanni

To: Randy Ellingson who wrote (7414)	11/11/1997 10:02:00 PM
From: Chris Anderson	Read Replies (1) \| Respond to of 11057

Randy: Vanni's call regarding the demise of the DD sector went something like this, I remember it quite clearly, "It is the buzz of Wall Street that WDC has problems" or something to that effect. Some people asked Vanni in some posts what he meant, but Vanni could only offer vague excuses as to what he meant. Lots of people flamed Vanni, I felt bad for the poor guy, seemed like he was just expressing his opionion. Now it seems like Vanni is a genius. Wow, tech stocks go up, tech stocks go down. If I was as smart as Vanni, I would be rich!! (not rich, but doing OK :-) My game plan is to post on all threads of tech stocks that are peaking and say they will go down, when proved right, I will be a genius like Vanni, and rub it into everyone's faces that are less worthy than me. To Vanni, you're an insecure schmuck who made a lucky call and now seem to relish in other folk's misfortune. People like you are scum and the bottom feeders of the world, its the buzz of SI! Happy bottom feeding. .............. Chris