I was reading this thread over the weekend. Stuff like the post above made me think about selling my Seagate (STX) stock which I paid $27/share for last year. They are part of duopoly, might as well get on board and make money off it too rather than sit and complain about it was my reasoning for buying it. Unlike many of my investments, it worked out well as STX just hit a new 52 week high ($37) last week.
So Seagate's stock performance wasn't mirroring most of the opinions expressed in this thread which painted a dim view for HDD manufacturers: lower prices and SSD eating their market share. I decided to hold onto my shares rather than sell on Monday despite agreeing with that assessment, don't fight the market right? Well Seagate is down almost 10% today after announced earning. CEO said demand was weak. Doh! I sold my shares today at $34. Was this the right move long term? I guess we'll see.