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Technology Stocks : WDC/Sandisk Corporation
WDC 200.46+6.8%Jan 9 9:30 AM EST

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To: Rocky Reid who wrote (6282)7/6/1999 1:50:00 PM
From: Tumbleweed  Read Replies (2) of 60323
 
But don't expect any blowup like with Iomega circa 1996. The market is hopefully much more wary of fiascos like that. Sandisk is poised for strong steady stock appreciation.

I agree with the last sentence but have to disagree with the first two. The market never learns lessons, and just a short look at many of the boards here will show hundreds of shares hyped up to huge levels and then plunging back again. Sometimes to obscurity, sometimes to more reasonable levels.

The q is, at what point is Sandisk in hype level. Now? 100? 200? When do I decide hmmmn thats nice, I'll take the money and get back in at a more reasonable level? I'm thinking maybe 100 if we see that within the next month or so . (It wasnt that long ago this stock was below 20)
And is a pullback after earnings inevitable or might we expect blowout numbers and a further rise? Usually the history of these times is 'buy on rumour, sell on news' but not always.

Joe
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