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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: Stitch who wrote (5414)2/3/1999 5:23:00 PM
From: Yogi - Paul  Respond to of 9256
 
Stitch,
HeHe. Guessed right but thought WDC was going to punch through 14 today. I believe I saw it hit 13 13/16 with a heavy bid/ask spread.
Doing consulting instead of full time employment has me working 16 hours/day for weeks in a row and then 2 hours a day for the last week. Keeping my mind challenged by watching the market (a fool's delight).
WDC was looking real strong until just after 2:00 Fed announcement. Oil services had a hell of a day. 'bout time.

Yogi



To: Stitch who wrote (5414)2/4/1999 4:49:00 AM
From: Z Analyzer  Read Replies (3) | Respond to of 9256
 
Some very bullish comments by Michael Brown of Quantum posted on the Quantum thread regarding industry inventories and demand.
Two things scare me:
1) This speculative bubble we call a stock market.
2) A second half slowdown caused by a lull in technology spending in anticipation of year 2000. If the speculutive bubble hasn't burst by then, this would be its undoing.
QUESTION: Are there any early warning signs of a Y2K slowdown that we can watch for to avoid getting caught in the downdraft? I'm the first to admit that I'll be the last to know and don't cherish the idea of getting beaten up in the tech sector again this summer. The beauty is that if we can get out early, I think we'll see some wonderful buying opportunities (have the restrictions on the use of that word been lifted?). Does any one have any ideas? I think this would be an excellent topic for discussion.

For those following the Zeinstein vs ZFool test of fire, ZFool covered his EBay short at 274 today after watching over half the profit evaporate (and paying dearly for using limit orders to try to save half a point at much lower levels-when will I learn?) Z