WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 156.15

-4.6%

10:45 AM EST

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To: Ausdauer who wrote (7067)	9/24/1999 10:28:00 PM
From: Sam	Read Replies (2) of 60323

Here is a useful site to follow developments in Taiwan: semibiznews.com FWIW, my guess is that today was more of a dead cat bounce than anything else, unless we get some favorable news from UMC about getting production rolling again. And even favorable news might not help much if a bear mentality gets set in the market. There is a lot nervousness out there. People have some very big profits to avoid losing in Sandisk, and others who jumped on the bandwagon just in the past few weeks have some pretty big losses to deal with and cut short. The slide was ferociously fast, and we hung up in the 80s for quite awhile, getting there without establishing a base first. That combination might not make for pretty watching, near term. I fear the 50s, and maybe even the 40s for at least a brief period, are in the cards. Though I have not sold, and will not sell any more than I did last May (at prices considerably below where we are today). And will pick up more at some point if we do reach the above mentioned points.

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