I am about to lose my composure with this stock. It is about to break my sentiment to the upside, thusly turning me to short sales. I know that as soon as I do this the price will shoot up $4-5 in seconds after I initiate a short position. My have to take one for the team and do it anyway just on a smaller scale than normal. So if the price goes thru the ceiling in the next few days you will know that I have gone to the darkside. GLTA
I have resisted the temptation to dump my WDC and STX holdings for a long time. I am totally befuddled how such low volume activity can generate such severe losses. The overall drop in investor value is astounding when considering how few shares it takes to make that happen.
I am considering day trading this thing for awhile and take advantage of the computers. Problem is, it is hard to watch it at work, and it can go up in a minuter as you know. I am glad to see so many disgusted people with this stock. I still think WDC has something to do with this beat down, since they are buying back stock.
i think there is some truth in their buyback and the lull after earnings, to get the stock lower, and then WDC buys them. Their transmission of info is not investor-friendly, my understatement of the year!
however if you sell ur shares to them, you only benefit the remaining wdc investors.