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Technology Stocks : WDC/Sandisk Corporation
WDC 187.23+2.9%2:13 PM EST

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To: Ausdauer who wrote (15924)10/24/2000 5:15:57 AM
From: limtex  Read Replies (2) of 60323
 
Aus - Why no reaction tothe fantastic performance and future predicted performance seems to be a growing question and also seems to me to be the unwritten question in amny other posts here.

Stagerring that with results like these and the stock is 25% lower than it was three weeks or so ago.

Looks to me that its a good sign of a bear market and if this is what we got with those results imagine what might have happened with a less good performance.

Its LTB&H that is the issue. The stock was at $160. That was a once in a lifetime opportunity but so many have been schooloed in LTB&H for "good companies with great fundamentals" that many just sat there mesmerized and still are.

Now with the knowledge of hindsight we know that March saw levels that will probably never be reached again for many stocks. My guess is that our shocked reaction to the lack of movement of the stock price after this fabulous quarter is a slow and painful recognition that the market has had its summer days and that we are heading off into a dark winter no matter how well the company performs.

Best regards,

L
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