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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
WDC 86.47+1.2%3:29 PM EDTNews

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From: SiliconAlley10/5/2017 10:11:45 PM
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This post from another board provides a good example of who is buying the stock under current conditions:

"Added WDC to long term account as it hovers about 200MA support. Pays decent dividend and think Toshiba dispute resolves favorably"

These are purely technical traders, essentially rolling the dice that fundamentals will change in their favor. While 200 day MVA is a great trading tool for a fundamentally sound stock, it is fool's folly for those who are oblivious to the deteriorating fundamentals and subsequent risk.

The support for the stock will disintegrate as these traders run out of ammunition, however this is exactly the support that provides opportunity for early exit.
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