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Sep 8, 2008 4:39 AM ET | Site Changes | Help
The Company designs, develops, manufactures and sells hard drives.
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RonChapmanJr (99.93) Submitted: 6/21/08 7:16 PM : Start Price: $37.94 WDC Score: -26.27
Should you wait for this stock to drop before getting in? Of course! Am I? Of course not! CAPS is the testing ground for my newsletter so I'm gonna say outperform from here anyway. I invest by trying to find good stocks in the middle of a macro economic and/or societal trend. On the macro trend side, more and more people worldwide are getting computers and they need lots of storage for all the cool stuff out there. I don't see that stopping/changing.On the specific company I like this fact: "The Company sells its products globally to Original Equipment Manufacturers, or OEMs, distributors and retailers."
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Rinholdt (95.00) Submitted: 6/29/08 3:22 PM
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I like WDC also but why not wait until the price is a bit lower before you buy. Buy low Sell high. With WDC's EPS and all that its got going for it. Why not watch the MACD and buy when the momentum shifts and save $500.00. It is a little overbought right now. Momentum should shift in a week or two. PS your right about Computer hardware as I'm looking to get a new system myself.
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RonChapmanJr (99.93) Submitted: 6/30/08 6:39 PM
yes, i know about buying low and selling high. thanks. i am lazy and didnt want to wait for it to drop before getting in.
Rinholdt (95.00) Submitted: 7/08/08 5:52 AM
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Sorry, I didn't mean to strike any nerves. I sold at 38.25 and am now beginning to watch more closely. I have a buy in at 33.00, and one a bit lower. Maybe I'll get lucky and fill the lower one as well. Again my appologies,
JoeD711 (< 20) Submitted: 7/29/08 2:15 PM
Well, all that analysis is now out the window as the share price broke through the 200 day moving average after WDC missed expectations and warned of future disapointments..
Rinholdt (95.00) Submitted: 8/03/08 3:23 AM
Well Ron, I guess you know that I filled at $33.00 and I just missed my second buy at $28.00 by only $0.24 on Friday. I am really confident that I will fill Monday at $28.00 but I really don't think that is the LOW turning point for WDC. I did miss my 2 week momentum shift, I guess I should have said a month or two, instead of a week or two. I think I will make another guess and say that the $20.00 dollar level will be where the momentum will then again be UP.
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