WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.75

+0.4%

Nov 14 9:30 AM EST

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To: limtex who wrote (6155)	6/28/1999 8:12:00 AM
From: Art Bechhoefer	Read Replies (1) of 60323

Someone recently put up a Marketwatch site that monitors institutional holdings. The increase in those holdings for SNDK may explain why the stock can easily go up to 44. There are now more shares held by institutions, presumably with long term goals, and consequently fewer shares out there available for others to buy. Any sudden buying interest, particularly on a day when overall trading activitity is somewhat subdued, can immediately cause a rise in the asking price, just as any protracted selling will do the opposite. But the bias is toward the upside, now that institutional holdings are increasing.

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