WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 169.55

-0.2%

Dec 9 3:59 PM EST

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To: Ausdauer who wrote (11186)	5/19/2000 11:30:00 AM
From: Starlight	of 60323

>>>WHY IS THE COMPANY SO QUIET???<<< What is going on with the price of SNDK has probably nothing to do with the company. Look at all of the other tech stocks that are acting the same way. Today Ciena announced great earnings that beat the estimates and it's down 8 points. LOOK AT THE MARKET IN GENERAL -- When interest rates go up steadily over several mos. time (as they have done), it has a negative effect on stocks. Every bull market in the past has ended with a speculative blow-off in stocks (which we just had early this spring) and higher interest rates (which we have now). The market is in the process of "adjusting". We aren't going to see higher stock prices for a while -- probably not until we see evidence that interest rate hikes are over and the economy is slowing down. Most folks on these boards haven't been through this phase in the market, so this will be something unknown to them. It's best to be very cautious here and to keep some CASH in reserve. Betty

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