WDC/Sandisk Corporation Message Board

STOCKTALK

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 168.90

+4.9%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: limtex who wrote (6773)	8/26/1999 9:44:00 PM
From: Sam	Read Replies (2) of 60323

Aside from the obvious fact that we've come a long way in a short time, today's loss has as much to do with the secondary as anything else, I would guess. When news of the secondary came out, the stock was around $88 or so, if I recall correctly. At any rate, I remember thinking that it would plausibly go off somewhere in the 80-85 range. I still think that that is plausible. It doesn't usually go off at the absolute high, the sales guys pitching the stock want to give their buyers some hope of appreciation. Indeed, the move into the 90s may have been in part painting the tape so that an offering in the low 80s would be more palatable to the wealthy people and funds who will have to buy it. Has anyone heard when the secondary will take place? I don't look for moves of more than 10% from where we're at until it takes place (not that I've been particularly prescient about this stock over the past few months!).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next