WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 162.42

+3.0%

3:59 PM EST

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To: Ausdauer who wrote (11438)	5/24/2000 1:49:00 PM
From: clean86	Read Replies (2) of 60323

Aus, It seems to me that the attitude on this thread has deteriorated as the market has fallen apart. From reading every post for over the last 3 years I have seen this pattern before. When the stock fell to 5 in Oct 98 many were asking the same question. Why? Why? Why? I still believe in SanDisk and maybe I'll loose money by investing in this company. It seems to me that SanDisk fundamentals haven't changed. What seems to have changed is the attitude toward valuations and "irrational exuberance". The object of the Fed rate hikes was to pull the economy under control and with the crash in April several small investors lost there rear ends on margin calls. Several of those investors and many I know who were seriously hurt by the chain of events that have happened over the last month refuse to reenter the market until things look better. As in 98 when the stock hit 5 and the prospects still looked the same for SanDisk I stayed the course. Maybe my "irrational exuberance" got the best of me but I have made a small fortune on this company and will stay the course. I added to my position this morning at 43 maybe to high a price to pay but I think not. I understand the frustration level that comes when I watch my hard earned investment funds shrink while the market tanks. If however the fundamentals of a particular company don't change the stock price should rebound. I know that several posters on this thread have millions tied up in SanDisk. Call me a fool but I believe in this company and see the current price as a huge buying opportunity. To those in pain from the devaluation please take a deep breath and relax. We are all in the same sand box so lets try to be civil. I for one look forward to the day when we are all laughing and having Sushi again. Until those days return and I believe they will return lets try to relax. My grandfather reminded me recently that if you can't stand the heat move to a more temperate climate. Betty said it perfectly when she said the goal is to accumulate money not stock. I have found that good companies stock turns into money over the long run, you just have to pick good companies and know when to throw in the towel. Good luck to all SanDisk Investors long or short. Clean

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