WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.14

-5.4%

3:59 PM EST

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To: Art Bechhoefer who wrote (15098)	9/27/2000 3:57:54 PM
From: Steve 667	Read Replies (3) of 60323

Art, is that true about hiring the public relations guy from Lexar? I must have missed that one. When did that happen? At any rate Sept and Oct are the two worst months of the year for the stock market. We aren't through Sept yet. So why fight the odds? It is not so much the selling as the lack of buying because the big money managers know that this is not the time of year to buy yet. They don't read this thread and they don't care. There is always somebody selling for various reasons, not necessarily to do with the company. So with a lack of buyers the stock starts down, and then it snowballs and momentum picks up and you have a day like today. How low will be the low is anybody's guess. Probably lower than we all think now. My point is that the stock price movement now is not at all a reflection of what is going on with Sandisk the company. One interesting side note. I am not much on technical indicators such as MCAD or Stockastics and such, as I find most of them just follow the stock price instead of predict! But the one indicator that does seem to persistently precede stock price movement are Bollinger Bands. I really don't know why they work or even what they are based on. But when they go from wide to very narrow, the stock price will almost always make a sustained move. The problem is that they do not forecast which direction the stock will move. But when the movement starts it is best not to bet against the direction it begins to move. Such is the case now if you look at a year chart. The bands narrowed last week and now we are getting the movement. Last February the same thing happened, except the stock moved up instead of down. Does anyone here know what makes these Bollinger Bands work, or how they are calculated? Well that is just my observation. Store it in your stock stuff file. In the meantime look to pick up some more SNDK in October and don't be in a hurry to buy now. The big boys aren't, that's for sure. You will not buy at the low unless you are very lucky, but I think you will be able to buy it lower than it is now. Steve 667 What the heck do I know anyway?

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