Absolutely agree. The momentum guys are all about inflection points and changes in direction. Now that the merger landscape is clear, the focus is on when supply in the industry returns to normal and presumably gross margins revert to the prior levels.
No matter that that may not happen for 9 to 12 months and, in the meantime, the newly consolidated industry may actually show signs of rational behavior that would reinforce systemically higher margins.
No matter that STX may collect $15+ billion revenues, earn another $5 and collect a $600 million+ judgment in the meantime, get out of these stocks for now just in case it's situation normal and you can't get out easily then when it's clear.
At least STX shareholders can collect a hefty dividend for their patience. WD shareholders have no such comfort.