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

To: TCGNJ who wrote (8194)	12/13/1997 9:51:00 AM
From: Thomas George Warner	Read Replies (1) \| Respond to of 11057

In an irrational market there is no way to know where the bottom is. You are witnessing panic buying at its best. I started buying into WDC at 19 and am not really worried since I am normally a long term investor that buys and sells on the fundamentals. I think that we are very close if not at the bottom, but your guess is as good as mine. If you are a long term investor, I would start to accumulate now about 1/3 of your final position and than watch the market closely to see which way the stock goes. If it goes down buy another 1/3 at 12, even if the stock goes down more you will not be hurt that much. The final 1/3 should be bought when the stock starts going back up to the 18-20 area.