WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 159.73

-3.8%

9:52 AM EST

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To: Keith A Walker who wrote (7054)	9/24/1999 1:36:00 PM
From: Ausdauer	Read Replies (1) of 60323

Keith and Thread, We may actually see 2 million shares today if there is an upsurge in demand near the close of the day. I have waited a long time for a high volume day like today, but always felt it would come with SanDisk setting news highs, not due to uncertainty with the float being "reshuffled" between current and new shareholders. I think the long-term trend for SNDK will be up and don't care to time peaks and valleys. Good luck to those who do. I added to my long position at $77 and $65 1/4 yesterday just to reinvigorate my confidence in the company. I had placed a sell order on my IRA holdings on Tuesday a.m. in the low to mid-$80's (which make up a smaller fraction of my total holdings) and then decided to cancel it, not wanting to contribute to the inertia of the sell off on philosophical grounds. Nonetheless, I am disappointed with the "run to the exits" yesterday and hope that the secondary is still possible despite this hostile environment. As Sam stated, the cash on hand is still strong and postponing the offering until after Q3 is reported may be an option. Will leave that decision upto Eli and the CFO. Ausdauer

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