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  • ringfortheking1 ringfortheking1 Dec 2, 2011 9:00 AM Flag

    This is as good as it gets for WDC....SHORT IT

    Why would you short on good news? Things are looking better.

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    • Any doubts?

    • Always short on the best news.

      Take INTC for example. When they came out and beat earnings estimates by a lot, and reported better than expected revenues, eps, and the largest margins ever.........the stock went DOWN. That was the top.

      Why?

      Because when a company reports such great news, ....... how are they going to top that?

      Example....When Tiger Woods was #1 in the golf world......what was the ONLY direction he could go?
      DOWN.....it was only a matter of time.

      When Roger Federer was #1 in the tennis world.....what was the ONLY direction he could go?.....DOWN....it was only a matter of time.

      When companies report great UPside news....how do they top it?

      Take a look at AAPL.....when everything was great, and every analyst was talking about how great future sales would be.......what happened to the stock?......it topped out, and went DOWN, and has never reached that level again.

      So what do you do when WDC comes out and raises guidance, and says everything is great......AFTER the stock has been UP 4 days in a row?

      You SELL THE NEWS......or SHORT IT.

      Because this is as good as it gets.

 
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