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

To: Jim Goodman who wrote (8331)	12/26/1997 6:14:00 PM
From: majander	Read Replies (1) \| Respond to of 11057

Hello everybody, I'm a long-time investor in wdc (since 93). And I also am trading. I think the bottom is near cause it looks like we are seeing a basing (using a 14 bar linear reg. line on a weekly bar chart, and seeing an upturn in a divergance indicator)and the stock is hovering around its 100 month ma which is were it was in 93 before there was hardly any future in HDD cos. as well. The same problems occured then and the industry was in turmoil due to overcapacity and too much competition. The uncertainty lead to some incredible appreciation potential and created a fantastic opportunity to get in real cheap. So, you see the industry today and look how far it has come and look how integral these cos. have become in our everyday lives. We are loking at a profound opportunity today as we write and although it may have a little more downside the upside is far greater. Look at the p/s ratio and you can see that this is an incredibly cheap price for this co. The next time I see some upward momentum I am going to load up cause the writing is on the wall(also waiting for an outside weekly reversal which is an awsome indication of trend reversal). Once the channel starts to clear up in a few months which is well known, we will see some jumping in on this one. Demand is coming and once the tide turns we will see 52 week highs sooner than you think. The stock will come roaring back way before the fundamentals will come back. This is only my opinion and past performance does not correspond to future perfomance. There are all kinds of uncertainty that come with investing and make your own call. I feel very good about wdc's future and I kinda like the cyclical nature of it. Hope you guys didn't get burned too bad recently but hang in there and you will be rewarded. lol, John

To: Jim Goodman who wrote (8331)	12/27/1997 2:00:00 AM
From: Beachside Bill	Read Replies (1) \| Respond to of 11057

Jim, good to see your post over here, I started a position in WDC today based on T/A. Nice to see some bullish sentiment from the technical crowd. I am also finding bullish indicators in the chip and equipment area. The pattern on CYMI appears close, but not as pronounced as WDC. I am starting to reversal patterns also on SVGI and KLIC (both I have recently started an initial position long) akin to CYMI. On any reversal will sell half to insure profits. As stated though, the chip area is not as well defined as this WDC pattern and could have one more break in the lows. I do expect to start seeing sideways action after the next low test. Thanks for posting, you have given me some more stocks to look at. I have found your "PSYCLE" system to be very sound for investments held for a couple of quarters. Happy Holidays Beachside Bill