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Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+0.4%Nov 14 9:30 AM EST

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To: Ausdauer who wrote (11404)5/23/2000 10:01:00 PM
From: Craig Freeman  Read Replies (2) of 60323
 
Aus, for all the talk of not being able to time the market, here's my take:

The last SNDK shares I sold 10% at $156-1/2. Before that it was 10% at $89. My tax basis is ~$12.

I may be down ~10% for the year 2000 overall but SNDK has been a GREAT stock since I stepped in. I bought some at $30+ and sold some at $18 but when all was said and done, SNDK has paid off in a BIG way.

My sister sold all her SNDK yesterday. She REALLY loved SNDK so you have to figure that the last to go have capitulated. Sis is a "strong" woman --- so if she gave in, you have to figure that most others caved in earlier.

I pity the fool who bought at $170 but most of us on this thread have a basis in the teens. Let the NASD crash to 2,900. Let SNDK crash to $40. Are there many here who will lose?

My father once told me how my Grandfather retired in 1932. He had lost a good part of all that he owned but still had enough resources to wait it all out. He slept late for ten years and, when he woke up, his stocks were golden.

Sleep well my friends. Whatever you fears and whatever you may do, you can rely upon the fact that the game will continue .. with you or without you.

Craig
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