WESTERN DIGITAL (WDC): REALITY IS BEGINNING TO SET IN
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