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Tuesday, January 10, 2006

Storage Sector

Not long ago I told my friend the storage sector is going to make a huge come back. I wasn't kidding, and here are the results. Seagate Agrees to Buy Maxtor for $1.9B on Dec 21, 2005 and Maxtor shot up 40% to $7 a share. Just when you think it's over... http://finance.yahoo.com/q/bc?s=MXO&t=5d Maxtor climbs another 16.50% to $8.16 a share over the last five days. (And we thought the stock sucks when we saw it at $4 a share. Totally made us feel stupid.) http://finance.yahoo.com/q/bc?s=STX&t=5d Seagate rallies approx. 15% to $23.32. And I don't think the momentum is over yet. This year is looking really good for Seagate. There's more to come. I'm looking for a good entry point.

2 Comments:

At 1/10/2006 10:25:00 PM, Blogger Joshua K said...

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At 1/10/2006 10:26:00 PM, Blogger Joshua K said...

I hope it does some good to the hard drive industry. I hope they'll be able to make drives more reliable, smaller, faster, and capable of storing more.

Wealth Today

 

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