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


To: TREND1 who wrote (8777)2/15/1998 7:36:00 PM
From: shane forbes  Read Replies (1) | Respond to of 11057
 
Larry I see nothing special about MHH for 2 reasons:

1) There is nothing special about the periods Jan 1 - 31, Feb 1 - 28, etc. (That is one might just get lucky and see consecutive monthly highs in consecutive periods but if someone else chose the periods ending say on the 10 th they might "see" a different pattern.)

2) 1 MHH is not exactly a trend. (That is so the stock makes 1 MHH - next month it could break the "trend".)

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Anyway I put money in because it's about the right time. The big clue was the debt offering. May pull back a bit but that was a hint.

On a fundamental basis, the "best" way is to see if the stocks will turn around is if the downstream guys' business is picking up.

Realize that the market smelled a rat when they detected an order slowdown in the APM's, KMAG's, HTCH's, and RDRT's of the world.

Conversely if business in these downstream companies is picking up then you can bet the farm WDC and the other hard drive companies have seen their bottoms in this cycle.

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