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Hi Joe,
I follow the disk drives and DDX, the disk index too. I understand that
WDC is a short term trade. Longer term, take a look at SEG, above the 50,
200 SMA's, about 2x the Sep. low (higher rel. strength), broke a 3 month DTL,
surprised the last two qtrs.; disk stocks may be seen as a safe haven if/when
Net stocks sell off. Now is not an ideal entry. Retreat to the 21 EMA or 50
SMA on a tech sell-off would be a decent entry, IMHO.
For a quick fundie look, '00 est. about $2.30 x 20 P/E = $46. 6 month
high is about $44.
Styk
(BTW, I understand why you follow RDRT, $6 to $20 last fall was a nice move)
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