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

To: Flamethrower who wrote (7504)	11/12/1997 3:39:00 PM
From: Thomas George Warner	Read Replies (1) \| Respond to of 11057

You missed the point. many investors have no idea why they are investing in a company, no fundamental analysis etc. . Some follow the trend of momentum investing and never know when to get in or out. I believe in long term investing although I frequently day trade specific stocks when the opportunity presents itself, but I follow a couple of rules that I believe insulates me from really disasterous results. 1. Never invest 100% in the market, except for very short periods of strong bull markets 2. When you buy a fundamentally strong company, do not sell at the slightest downturn (a free fall from 49 to 21 is not a downturn, more like a free fall). 3. Have large amounts of cash on hand to bail yourself out of stupid mistakes (isn't this a bright statement!). I bought into WDC at 49, 47 and 24 and will continue to buy if it goes lower (all of the professional money managers tell me this is wrong). I was entirely out of the market and 100% cash just before buying WDC and APM. They passed all of the tests----what went wrong? An imperfect world, with imperfect companies managed by imperfect people, whose stock is bought and sold by imperfect investors with the prefect idea of making a killing in the market. All of the above having been said I believe that the only thing to do when a fundamentally strong company freefalls is to hold on, if TIME IS NOT A FACTOR. " No one gets hurt on the roller coaster unless they jump off". Another thing my ideas are probably different than many others since I can not touch the money I have invested for 2 1/2 more years. It is in a retirement account. Good investing and may you all make the right choices and retire rich.

To: Flamethrower who wrote (7504)	11/12/1997 3:40:00 PM
From: Paul Merriwether	Read Replies (1) \| Respond to of 11057

<<I would rather be a willy nilliy with some cash left in my account than some intestinally stuffed guy with an empty wallet and account! ............Flamethrower >> My guess is that you shorted at $23 and are looking to make a few more $$s off the carrion of WDC. Be careful since the market is unpredictable and the mood could change to jubilation and euphoria in very little time. All it will take is a reiteration of how good our economy is, and a little stabilization of drive prices. My total investment in wdc is an old caviar drive that I have in my first 'puter. I am thinking of upgrading my drive capacity and might invest into wdc at the same time. At present just watching for falling prices and falling stock price. The consensus "perceived" bottom on this thread seems to be $17. I think I am game at that level too. Good luck to long and shorts