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

To: Flan who wrote (10093)	1/19/1999 6:05:00 PM
From: David Harker	Read Replies (3) \| Respond to of 11057

>Why was it unrealistic - Have you come to expect losses. It is impossible to switch from massive losses to "instant profit" in one quarter. SEG weathered the storm much better than WDC, perhaps you should have invested w/ them. No, I don't expect losses, as an overall investment strategy. However, from WDC in it's current state I expect gradually diminishing losses leading up to eventual profits. The stock will rise significantly as that happens. My average cost is $30.xx, so I share your pain, but give them a break. I'm not worried in the slightest about eventually making a nice annualized profit on this investment. I bought way too early, but that was my mistake. I'm to blame for my bad investment, not WDC. So, don't blame the company, you chose to become an owner of it, they didn't force you. In the future, you (and I) should probably invest in companies that do better. However, you can only blame yourself if you lost money in a stock. You picked it.