So are we going to get an official statement or what? They are going to owe a lot of money to their investors or face a huge lawsuit.
I think its pretty much dead. Just the last gasps remain.
I hope they just officially declare it dead. The uncertainity is no good for WDC. Last time when UNOCS shutdown WDC rebounded sharply.
I wholeheartedly agree. Uncertainty can be very deadly for some markets. It's best to let the bad news occur, the quick market action to take place, and then if the fundamentals and community is there, it can start to rebound.
Scary thing is that this may be harder to recover from and it might cause long-term downward pressure on the prices of WDC.
If they had just posted they were shutting down AND kept the message up...they wouldn't have smashed the price so hard.
There will be new uncertainty and donut about WDC after this --> at least temporarily new lower price floor. I exited WDC somewhat early so at least I'll be able to buy more than before if this rebounds..still scary though.