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


To: ralph keating who wrote (8337)12/28/1997 3:42:00 PM
From: Beachside Bill  Read Replies (1) | Respond to of 11057
 
Western Digital's CEO say future is in the channel... Hope this hasn't already been posted.

crn.com



To: ralph keating who wrote (8337)12/31/1997 5:18:00 PM
From: Jim Goodman  Respond to of 11057
 
not carved in stone, but towards resistance around the 20. area, depending on exactly how the rise unfolds, technically....so far, so good....I have had some real nice S.T. "tech" bottoms yesterday/today, as predicted....and, I chose WDC (and QSII, ANET, ISSI, AAPL, IPEC, RATL, EFII, KLIC, SPCT, UTR, etc.) over, say, AMD, APM, CUBE, others, because those hit new lows, while WDC's chart (and others I shared)
at least based a little....of course, others can pop also, but historically, the ones with charts like WDC, etc., often fare better from Dec. tax-selling lows... ordinarily, this would be just a tax-selling bounce, and it's 50 day MA will be around 20. also in a few weeks....it's just plain been correct, to have at least bought SOME depr. techs recently, with close stops... with such negative sentiment as well....stay tough, remember, we have no emotion, no greed, no "fundamental scenarios"....best wishes,