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

To: John Wang who wrote (7513)	11/12/1997 5:18:00 PM
From: Mark T. Heath	Read Replies (2) \| Respond to of 11057

"I think market psychology is the ONLY thing that counts now." You've got it. Take a look at the five year chart for WDC. It closed at a five year low today. Am I crazy or does this stock, from strictly a valuation standpoint, look attractive now or what? The chart looks horrible and no one will buy it on any kind of technical analysis I know of. Simply put, WDC management has historically painted the worst picture possible when bad news is out. We just saw this last quarter with the Seagate mess. Is the same scenario being set for the company to beat revised estimates? Maybe, but other things must happen this time. First, Fujistu can't continue to sell drives at cost. Secondly, the Asian crisis must work its way through the market. Three, we can't see a slow down in the American economy.