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Technology Stocks : Western Digital (WDC)
WDC 58.98-0.3%3:59 PM EST

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To: Sam Citron who wrote (11022)5/16/2008 1:46:58 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 11057
 
Hi Sam,

In the past few days I bought a large position in STX (from $19 to $21). I think STX is extremely undervalued. I expect it to go to $30. Regarding WDC, it is doing very well financially. But I think the stock price reflects that already.

Same thing happened two years ago. WDC stock appreciated first, then was followed by STX. Don't know why STX lags. It used to be the opposite. I think institutions are short on large tech stocks. WDC might be too small for inst to bother with. Individual traders love it though.

I still have a large position in Intel.

This is something I posted re STX a couple days ago, before latest run-up.

(last paragraph).

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