WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.11

-5.4%

Nov 13 3:59 PM EST

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To: TREND1 who wrote (11860)	6/8/2000 12:25:00 PM
From: j g cordes	Read Replies (1) of 60323

Here's why I bought. 1. We had been in a terrible tech sector selloff. SNDK was among the most punished. 2. The selling by SEG and the general disaster of the techs, in my opinion, combined to drive the price lower than either event would have been capable of. 3. The fundamentals of the company seemed to be ongoing and strong despite the above two points. 4. Looking at its long term weekly chart there was a rough support line which can be seen connecting the April and October 1999 lows that met the lows of the current selloff. 5. My read (versus others reading) of the on balance volume told me there was volume buying running against many small sells. I didn't have block data but it appeared to me that it might be going on.. 6. I also read, perhaps on this thread, that SEG's selling was nearing an end. 7. A very short term cup/handle from the lows WHILE other techs continued to sell off. A few other stocks like Intuit were beginning to counter trend the selling and SNDK in sum displayed a high probability of moving up so I bought.

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