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Technology Stocks : Disk Drives - Buy When BLOOD is in the street
WDC 49.58+3.2%12:20 PM EST

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To: Ian@SI who wrote (80)11/29/1997 9:52:00 AM
From: steve goldman  Read Replies (4) of 93
 
I am definately a bottom-up value investor. Hard drives just became big on my radar screen. Don't minimize the fact that it might take a good few months or even longer to shake out the issues, if ever, and move higher. As well, you have to filter out the crap hard drive companies from the solid ones with earnings, no debt etc. I posted the message below on the APM thread and thought I might get some feedback from here as well.

"

Anyone have the lasted short interest in APM. Lets say they only make 1.70ish or so for the next year (they made good cash the past 4 qtrs which lets you know what kind of assets they have), with a large short interest, I would think this is a prime canditate for a short squeeze. Especially since the hard drive co.s seem to be bottoming out. From my perspective, shorts like to wait for the last dollar and never seem to get it. A stock that just earned 66 for the quarter can by whatever technology it needs.

I don't own it yet, but having been around long enough, I have seen stocks with earnings like this turn on a dime. After all, we're not talking about .03 cents or a dime. 66 is decent stuff, that's net of paying thebills, the salary, the r&d,etc.

Any thoughts?

If anyone knows the short interest, please post it or email it to me.
Thanks
steve@yamner.com
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