Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jonathan Bird who wrote (8632)	1/30/1998 2:53:00 PM
From: John Wang	Read Replies (1) \| Respond to of 11057

Jon: I am not arguing about the conference tone. It really gave people very pessimistic view. My guess is that all these law suits teach them to be very conservative in conference call. They even refused to answer directly what is the research consensus of the next two quarters. It will be more difficult for us to get update from WDC from now on. <<The huge reduction is cash reflects the tradegy that was the DEC Q and is now being covered up by trick accounting to show a + eps.>> Many analysts repeatedly asked about the breakdown of the charge. If they didn't like what they heard, and if most of them didn't believe it, it should reflect in today's stock price. I am not familiar with finance. There were two previous posts on WD charges by financial people. Their further comments on this may help clarify the issue. You can argue that WDC stock price goes up today because SEG is upgraded. But, what a timing for the upgrade right after WD's call! As stated in my post two days ago, I think that WDC stock will not move much near term. What a blinded bull! John

To: Jonathan Bird who wrote (8632)	1/30/1998 2:56:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 11057

When someone says he thinks a stock's a good buy at $20, $30, $40, $50, $40, $30, $20, you kinda surmise he's lacking some nuance there. JMHO.

To: Jonathan Bird who wrote (8632)	2/1/1998 9:44:00 AM
From: steve goldman	Read Replies (2) \| Respond to of 11057

John, You must be short the stock.....you were calling that persona a "blinded bull", that the CC was pathetic.... I don't have the final volume at home, but I believe it was like 5million. 5 million shares traded, up about 1 1/2 , a nice percentage increase. Big volume uptick. Somone said something about small "pieces"....where? Its kind of hard to trade a listed stock (without OTC double counting) 5 million shares without considering it good voume. Its not an IBM, but for 96 million outstanding, it was good volume....cleans up the sellers a bit. John, you speak to confidently, putting down the thoughts of others. Clearly, YOU had it wrong on Friday and the person you called a "blinded bull: had it right, THE STOCK WAS UP 1 3/8... You should know that Wall Street acts with a contrarian approach. They sell when everything is great and buy when things even hint at improving. No signs of improving? I really don't know which conference call you were listening to. If you expected them to say they will earn $1.24 next quarter and the stock currently be 18, then you don't understand that most wallstreeter's know the condition of the company, just not the exact numbers. Good luck. Steve