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

To: fiberman who wrote (9911)10/30/1998 5:54:00 PM
From: David Howe  Respond to of 11057
 
There appears to be some hope. About 10% gain on 3 million shares worth of hope.

I got in in hope of a good trade. Looks like it worked. The gain has been on such good volume that I'm considering making WDC a long term hold. There's been some serious buying interest this week. Do they know something? The stock is undervalued if they ever get back to making even half of what they used to earn.

Any thoughts?

Dave



To: fiberman who wrote (9911)10/30/1998 5:54:00 PM
From: Bald Man from Mars  Read Replies (1) | Respond to of 11057
 
if you bought this dude yesterday, you are up close to 10% ...
of course there is hope ...



To: fiberman who wrote (9911)10/30/1998 7:00:00 PM
From: Stitch  Respond to of 11057
 
fiberman,

I see WDC as "last in class" right now. Their balance sheet suggest they are trying to swim against a powerful rip tide. In my opinion no one makes money until a major goes away. If Seagate were to acquire Maxtor or Samsung were to give up the bleeding then they have a chance. But not at the current status quo IMHO.

Best,
Stitch


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