WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 163.33

+3.5%

Nov 28 9:30 AM EST

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To: Steve 667 who wrote (11731)	6/2/2000 8:57:00 AM
From: Ausdauer	Read Replies (3) of 60323

Steve, Is the type of volatility we have witnessed good for the stock long-term? Does a $130 point drop in two months instill investor confidence? Personally I was whining because I have friends & family that I recommended this stock to at a much higher price than where we have been lately. That is because the precipitous fall from the $115-$120 range to $70 in short order seemed to be overdone especially given the weighty (read: incredibly significant) announcements by the company at that time juncture. When the general market tanked, we tanked by an order of magnitude more. Nothing seemed to matter. In any case we look like we are crawling back up to the $70 range, so I am breathing a sigh of relief and I think I can go home for Thanksgiving this year. I view the volatility we have seen in this stock as a sign that something is still very wrong. Market fickleness? Perhaps. A lack of understanding of the business model? Possibly. Rampant investor fear? Probably. Could the problem actually be that the float is still too small? Not inconceivable. Perhaps it was a one-time event triggered by Seagate's exodus. Who knows for sure? I hope that everyone had the opportunity to add and is still adding at these favorable prices. I took the leap a bit too early and ran out of ammo, but am content to wait it out. If I had cash I would have been buying in the 40's hand-over-fist. Even though we are back in the mid-60's I still recall the nausea I had on the plane out to Sunnyvale earlier in May when we broke $70 support. The sell-off seemed overdone already at that point. In any case we still seem fundamentally sound, if not rock solid. The last 10 trading days have built THE MOTHER OF ALL BASES for SanDisk. Could somebody summarize the shares traded for the last 10 sessions at the end of the day today? It is some huge number of shares that are hopefully in the hands of new buy-and-hold types. I wonder if Kodak or The Great State of Virginia or Toshiba considered accumulating some SNDK on the cheap? Ausdauer

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