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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: JRI who wrote (15093)9/27/2000 11:51:04 AM
From: limtex  Read Replies (1) of 60323
 
JRI - Raging bull reports insider sales from last month that were announced this morning. Follow up post says that they couldn't find the details.

My guess is that in a major bear market like this high priced stocks like SNDK will get hit as soon as the MMs get around to whacking it. It is probably droppping becuase someone this morning decided that they were goign to take a piece out of SNDK.

I believe the technique is simple, you just have to be a big enough house to do it. Then you get up in the morning and start lowering the price of SNDK and see if you flush out a few buyers. In the beginning of a major bear market like this it isn't difficult. Doesn't look like a lot of volume and yet down it goes.

To do any good in the market you have to have the balls to buy on a day like today but not many do! This pattern where SNDK is now hovering around $68 is typical of such a day.
This is sort of similar to the position in March when everyone was waiting for what we all believed generally in the market ot be great results from the tech sector the market didn't wait and got the hell out a couple of weeks before the earnings signalling the end of the great bull market.

Today it is the beginning of SNDKs trial.
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