November 16, 2011

Western Digital (WDC) is in the business of disk drives. The stock has moved up strongly on European Union approving acquisition of Hitachi unit and a supply agreement with SAE Magnetics. None of these developments help the long-term deterioration of the disk drive business. Our plan is to slowly keep on adding if the stock goes higher, but also be quick to take profits because this is a technology stock and the 4th quarter is seasonally strong for technology stocks.

Added an additional 10% tranche order at $27.54 in addition to the previous orders.… Please click here or the title below to read more.

Short sold a 10% tranche at $26.82. Also limit orders at $26.98, $27.23, $27.44 and $27.73 for 5% tranches.… Please click here or the title below to read more.