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

To: zalesky who wrote (10142)1/27/1999 7:10:00 AM
From: rest42  Read Replies (1) | Respond to of 11057
 
I thik it was donaldson lufkette that dumped 2 million shares yesterday.I am still long and a bit surprised at this selling.I still think that the secondary spooked alot of people.Why do they need xtra cash?Lookingfor support here,if not then 11 could fast approach!



To: zalesky who wrote (10142)1/27/1999 11:08:00 AM
From: Stitch  Read Replies (1) | Respond to of 11057
 
zalesky;

I can appreciate that you want to cheer your stock on. But WDC has just broken support at its 200 day moving average and is clearly the worse of class at this time. I suspect we will see a sub 10 price within the next two weeks barring a take over announcement. I will be out of my short position by then but it looks grim near term. It is not time to average down on this stock nor is it time for bottom fishing. All JMHO.

Best,
Stitch


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