Data Storage Device Stocks Oversold
I have been looking to get into either Seagate (STX), Maxtor (MXO), or Western Digital (WDC). The prices look right to me at these levels. You will see modest EPS growth and a below market P/E. The technicals look oversold especially on Western Digital (WDC). Although the volume has been heavy for all three on the downside. You can play the arbitrage game with Maxtor (MXO) and get a nice premium.