WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.35

+0.9%

11:44 AM EST

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To: Ausdauer who wrote (7893)	10/29/1999 8:08:00 PM
From: Sam	Read Replies (1) of 60323

Aus, I'm guessing that the underwriter went out and supported the stock today, both as a good investment and to help their client. (Maybe Art can say whether that is illegal or not.) They want the price as high as they can get it for their client, and their own commissions. I think this is a buying opportunity even after today's splendid action. Even if there is a brief dip just after the offering, I am guessing a nice move upward shortly after, general market conditions permitting (always that caveat). Whether we come back down after that move up or not, I can't even speculate. Of course, my short term market calls on Sandisk haven't always been so great. Nonetheless, I did pick up some more today in the mid-50s. More toe-dipping than aggressive, I still don't trust this market and still want to conserve some cash for a better buying opp that may materialize over the next few months. We'll see. s.

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