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


To: Robet Butkus who wrote (8750)2/13/1998 4:57:00 PM
From: steve goldman  Read Replies (1) | Respond to of 11057
 
Robet,

One thing you should always do when telling someone they don't know what they are talking about and "if you arent' a trader thats OK with me", is click on their name and see what posts they have put up recently and what they do etc.

If you had, that would have told you that I head the trading desk at a great firm that has been around for 20 years. I refrain from mentioning this on this thread as it has no bearing, except for the, what I found ridiculously funny and ridiculously incorrect, comment by you that i should learn how the game is played, and that its ok that Im not a trader. Robet, thats all I am, professionaly, well paid and in the company of some of Wall Street's best.

let me tell you...anyone who has been selling this since the reco annoucement, is out 2 1/2 points or 14% since 17 1/2....

Again, stock traded up in an iffy market and saw 20 for the first time in several months.

This stock is moving on great volume.....always has been an institutional stock. When they want out, they crush it and when they want in, they will run it.
Based upon what I see, my experience as a trader, watching this and many many stocks ALL day, everyday, is this stock is being bought up as a cheap 20 dollar stock the mutual funds can rum 20, 40% and not blink. They need to make their expense% off something and they cant take Dell too much higher.

My suggestion as it was when the stock was 17 was to cover the short and go long. But then that is the beauty of a market, there are always two sides to it.

If you want to check our firm out to get an idea of who we are, check out www.yamner.com. Someone had placed it up here, the address, i wasn't sure why, but there you go!

Regards,
Steve