WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 221.51

-0.3%

Jan 16 9:30 AM EST

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To: Don Hess who wrote (9119)	2/8/2000 7:42:00 AM
From: Ausdauer	Read Replies (1) of 60323

Don, re: "fully invested" I agree with your logic, Don. It is very difficult to hold cash in this type of environment. I can imagine many people recycling their capital gains on new stock picks rather than squirreling away a big chunk at 5% in cash reserve account. In fact, there was an article in IBD yesterday indicating that personal savings have declined indirectly proportional to equity investments. Also, people are the investing equity they have built up in their homes. (Hey, that sounds familiar.) It seems that a large number of investors feel bulletproof. I read an article this weekend in our paper about investors who inadvertently purchased stock in BMC Industries (symbol: BMC) rather than BMC Software (symbol: BMCS) because of a rumored takeover of BMCS by IBM. Well, BMC Industries makes parts for TV picture tubes. The stock's trading volume increased 6 fold the day the rumor was started. According to the CFO there were blocks as large as 50,000 shares traded. A block this size represents a $2 1/2 million trade. Who is so cavalier as to invest $2 1/2 million dollars on the wrong stock symbol??? (Probably the same guy who thinks Gadzooks is a retail clothier!!!) Lunacy prevails, folks. I have stopped trying to figure this market out. It is beyond description and will be held to no known theory or formula. Ausdauer

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