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Seagate Technology Public Limited Company Message Board

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  • RSPC1 RSPC1 Jun 2, 2003 12:54 PM Flag

    Re: valuations? Part 2 of 2

     

    You can't be serious that you are short WDC! A debt free company with increasing earnings and a bull rally to boot. You are going to lose a lot of money in your trading career using parameters like that. Never, and I mean never, short a company with great earnings first of all. There are so many other companies out there just hanging on by a thread, no earnings, ripe for a short sale.

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    • Hi, thanks for the concern about my trading career. Surprisingly to more than one person, I've been trading for many many years and have even made a dollar or two! LOL! Seriously, I think WDC has great looking financials, even more impressive management, and is humming right along. The short is based strictly on some indicators I use which signal that WDC has gotten a bit ahead of itself valuation-wise. It is strictly a short term position and not meant to carry into earnings come July.

      Maybe I'm right, maybe I'm wrong. I'll see. I did notice today that there were a couple of analyst comments on the wire, suggesting just what I saw last Friday when I put the short on, that being WDC is due for a bit of pullback after an impressive and fast run.

      BTW, did you look at the surge in WDC insider selling in the last month?

      Take care

 
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