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

To: Stitch who wrote (10159)	2/2/1999 7:13:00 AM
From: rest42	Read Replies (1) \| Respond to of 11057

Stitch,I think the bottom was in the 13's as well!Everyone in the world knew WDC was not going to make any money this quarter or the next!I was happy to see them tighten bottom lines,reduce its inventory and increase its quarter to quarter revenues!I didn't care fore the secondary or its loss of market share but at the same time we are buying a company at 25% of its alltime high.This is a turnaround story and every turnaround I have been into does not reverse itself in one or two quarters but in slow and steady increments ie novell,oracle,compaq,micron,ascend, and once the new pattern has developed the stock,if it is any good retraces and moves back to its old highs.This takes time!I am watching this company,I am long this company in th 10 dollar range and I am here for awhile.Shorting here for possible 3 point moves I consider very dangerous!Being long here for doubles and triples over time with very limited downside risks,I consider prudent and wise investing!I have also been buying Global Marine between 8 and 9,I Hope to keep adding to my positions in GLM as long as there are people out there willing to discount them for me!I have one winner left to sell and that is Navarre-- a company that I own free--!I am waiting for the next pop in that company and when I get it,I will roll that money over into another loser!I will wait to find another hammered company that offers low risk but very high returns like WDC!Good luck to ya Stitch.I don't care if ya get your three points,because if you do,I will buy more and get mine,too!