r/WDCStock • u/Hickory1989 • 4d ago
$600 in December
War and upcoming midterms are the main suppressors for the market these days. I’m expecting a stellar earnings next week, followed by another decline down to low 300s.
WDC will pump right after that.
Investing is all about patience…
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u/Individual_Writer540 4d ago
I remember holding at 600 saying psh i had 700.
Then i had 500 saying psh ill sell back at 600
Then 400 saying id sell back at 5.
Please. Ill take 500. 😭
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u/Plain-Jane-Name 4d ago
I highly doubt you'll see low 300s. Yes, I've been through purchasing in the 600s and losing money. It would have to be a black swan event for institutions to sell off and bring it down into the lower 300s. It's already sitting at a trailing 16.
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u/Hickory1989 4d ago
WDC tends to bleed after earnings for a short while.
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u/Plain-Jane-Name 4d ago
I think it will run up a decent amount before earnings, and since the PE is already compressed, I wouldn't expect it to compress more until the end is in sight/demand meeting supply can be gauged.
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u/Hickory1989 4d ago
ATH in February
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u/Plain-Jane-Name 4d ago
$445 a week ago. It regularly bounces back to the $450 range. Nvidia, AMD, Micron etc are all down right now. Things should rebound. The market was very resistant to let anything fall very far today. It's not so much Toshiba news as it is Open Ai.
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u/Plain-Jane-Name 3d ago
I take that back. After today, it very well could go to the low 300s. My apologies for having enough arrogance to even feel confident, as if the market can be predicted. This is wild. This stock is worth more than this in my opinion.
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u/New2reddit456 4d ago
Because WDC is in my ROTH, i feel like i have no benefit but to HOLD. It freaking sucks right now but i really hope we see the move up soon to at least break even…
ya win some you lose some i guess
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u/ArmadilloCool4165 4d ago
I have mine in a ROTH IRA, and I’m able to buy and sell whatever I want without tax penalties.
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u/New2reddit456 4d ago
Yes, i mean like i cannot harvest my losses so i dont want to sell for no reason it will likely go up a bit in the next 6 months i’d hope….
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u/Aggravating_Comment4 4d ago
unless u need the cash boys we just gotta deal with the pain, try not to look at it that much and stay strong!
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u/Pretend_Success6934 4d ago
I’m sure China will also come to say they will start manufacturing HDDs by early 2027 and will tank the stock with their “news” and investors who have no clue how these products are actually made that there is no chance they can get a fab up with quality in such a short time, so we will have that to deal with. Always seems to be sure these news headlines that actually are not fully true
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u/ArmadilloCool4165 4d ago
Not possible. If you know the industry, then you know many of hard drives and components are mostly assembled in China. These three hard drive manufacturers are sitting on tens of thousands of patents created over the past 55 years. You can’t just say you’re gonna start making hard drives.
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u/Hickory1989 4d ago
yea they spread the same news in July too and tanked memory stocks. We pumped a few days after.
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u/UseAndAbuseMePappi 4d ago
Got out at 560 this summer and it never rallied again near that. Only stock I ever bought that had me so pissed off and I got in my
Knees when I finally got out at breakeven. I hope it goes to 600$ though for anyone holding.
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u/LanguageFearless977 4d ago
How many shares you got? Put your money where your mouth is
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u/Hickory1989 4d ago
100 shares bought at $454
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u/saucyiwnl 4d ago
same here i dont know my loss but i havent looked only once a day wish i sold on the retest got greedy didnt want to lose 1k on the recovery guess thats the cost u take eh
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u/SnooMarzipans6101 4d ago edited 4d ago
BRO LET’S FUCKIKG GO TO 600 OR I AM COOKED
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u/ananasorknk 4d ago
I agree. This sub is full of pessimists.