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

To: Beachside Bill who wrote (8339)	12/28/1997 11:37:00 PM
From: David Spruiell	Read Replies (1) \| Respond to of 11057

Lets go over the basics. 1. Buy low, sell high. WDC is low. 2. Paddle with the river. WDC is flowing down. Not a waterfall 3. Less risk, less loss. Book WDC is $9.00 Not much risk at$14 1/2 4. Buy the company. WDC is a good company with 0 debt. 5. WDC has a history of volitality. Wide price movement up and down. 6. Competition. Lower DD prices...Higher volume of sales. 7. Asia currency exchange. Favorable 8. Mature industry(DD). New products, Yes. Merger No/? Stock stabolizes ? Buyout ? Chapter 11, No. Only the strongest will survive. 9. WDC in disfavor with the big funds. FUTURE: The normal course of a mature industry faced with high competition and falling prices is to merge/buyout with component mfg. or a competitor. I still do not like the general downward flow and will not buy till it turns up. My wife says, if you are so smart, why aren't you a million dollar trader in NY. I told her that I couldn't talk now, I have to fix the Asian crisis. long WDC David