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…
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.)
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.