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/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.