SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%Nov 7 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Craig Freeman who wrote (8932)1/27/2000 4:38:00 PM
From: Tumbleweed  Read Replies (1) of 60323
 
Next few days....

I wouldnt be surprised to see some profit taking. My guess is will fall back to 120* or so over the next few days or weeks then start on up again. Some profit taking is inevitable with such a rise, on the other hand, as its a little covered stock by the analysts, should be some more 'follow the crowd' recommendations coming in soon, which will pull more people in. Todays rise will also bring us to the attention of the daytraders (after such a rise some shorting is inevitable) and many stock screening tools will pick us up tomorrow as well. It wont take very sophisticated tools though, Sandisk was the third biggest riser on the NASDAQ today!

BTW, who feels sorry for the 'analyst' who shorted at $88? ........thought not.......<g>

Joe

*Since I am crap at market timing, will just hold tight. Plan to sell in 2005 or thereabouts.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext