WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 187.78

-6.1%

3:59 PM EST

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To: Ausdauer who wrote (18052)	1/9/2001 5:23:27 PM
From: limtex	of 60323

Aus - No need to be torn. SSTI also flash is in the same unwanted boat as SNDK. SNDK was poodling along quite nicely until ML decided that it was time to cut its share price in half. They did and the rest is history. A good lesson in the market. It has nothing to do with fundamentals. It is only a question of whether enough investors want to buy the stock or not. In this sad case there are ptifully few buyers and the stock just tanks. Waiting for the earnings is a regular piece of advice here. Well all I can say is that we tried that in April, July and October. In fact in October out came great earnings and the stock was at around $63 or so. The minute the great earnings were announced the stock tanked. The point is that until there is a fundamental change in the investment climate the stock is simply unwanted if it produces great earnings. If doesn't then my guess is the stock will adjust to a couple of $ less than the cash per share. Best regards, L

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