On our Western Digital (WDC) position we are lowering the stops on a 5% tranche to $25.32 and another 5% tranche at $25.36. Also taking profits on a 15% tranche at $25.20.
In these volatile times when we have a quick profit like we have on Western Digital, it is best to realize the profits.… Please click here or the title below to read more.
The reality is beginning to set in that yesterday’s move on Western Digital (WDC) was excessive. The news of supply agreement with SAE Magnetics is positive for the next three months, but after that it should make no difference.
EU approval of Hitachi deal was expected so there was no surprise there. Western Digital is down today about $1.00. Western Digital has now broken the first support at $25.85. The next support is at $25.50 and then $25.20.
In the interest of defensive trading, it is best for conservative investors to take partial profits right here at $25.59.
Aggressive investors may continue to hold and watch for opportunities to take partial profits while guarding against losing profits with trailing stops. … Please click here or the title below to read more.