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

To: Rational who wrote (8062)	12/5/1997 5:29:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 11057

I already bought a bit. may buy more... to be honest, I have more doubts about the market than about individual issues. I am still substantially net long but every time I get my "hand out of the window" to go long I get my hand chopped off! IMO, I am optimally positioned to receive the new year at: 97% long, 3% cash, and 66% short, for a net long exposure of 31%. Probably the best thing to do is not to mess around with this! Pancho

To: Rational who wrote (8062)	12/6/1997 10:36:00 AM
From: Pancho Villa	Read Replies (2) \| Respond to of 11057

Sanker >>Are you planning to buy WDC at these levels? << for the bit I bought recently, I must admit I just took a flier based on the drastic downward move in price (last time I sold I did at 38). To add to the position, I would have to study the financials and read the posts on the thread in detail. I open up my GTW box and I see a WDC drive inside. I hear never as good as Quantum drives but always cheaper!!! Pancho I think I will just hoild my portfolio still through the end of January. IMO things do better when I don't tamper with them and I will be out of the country for Xmas holidays and most of January. All this said, WDC under 17 looks attractive any time! Also, the good thing about the market beeing fairly efficient is that if you buy and hold ven if you don't know your homework you should be OK. Specifically, WDC at 17 should be better than a random pick! (IMO)

To: Rational who wrote (8062)	12/7/1997 8:16:00 PM
From: emil	Respond to of 11057

The following was pulled from thestreet.com~! Western Digital J. Michael Pinson Most investors have been told that the best time to buy a stock is when everybody hates it. J. Michael Pinson, the editor of Pinson's Investment Digest, offers Western Digital (WDC:NYSE) as an example. He describes the stock as "a great long-term bargain." Management's warnings that this quarter's earnings will not meet expectations have hammered the share price. But Pinson is listening to management's comments and is confident. He hears the company say customer demand for next-generation drives has met expectations, and production capacity is being expanded. The Middle East is becoming a new growth market for the company, too. Pinson says that analysts' fear about earnings as well as the product price competition squeezing margins will be short-lived. Choosing to focus on fundamentals, Pinson says consumer demand for computer hard drives will only grow, and concerns over price pressures will be history next year. Pinson has some history with Western Digital. He recommended it as a buy at 29 in June, then gave the sell signal to his subscribers in September after the shares hit 48. "Since our sell, WDC has crashed. It is now time to buy it back," he says. The stock closed Friday at 18 18. * More information can be found at: tfc.com