WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 166.10

-2.3%

3:59 PM EST

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To: Ausdauer who wrote (15114)	9/27/2000 5:32:24 PM
From: orkrious	Read Replies (3) of 60323

This is very discouraging. We closed the day right where we were 10 weeks ago, the day before earnings. That evening we blew away estimates. Since then, things have only gotten better for SNDK with several important new announcements. We are also down almost 30% in the three weeks since I was in France. I am sure it is a case of the baby being thrown out with the bath water. No one wants to own semis now, and we are painted with the same brush. It's window dressing time, and mutual funds are screwing their shareholders by dumping stocks indiscriminately just so they don't show out-of-favor groups on their books at quarter end. As Zeev likes to say, it is darkest just before dawn. I today bought a huge amount of shares for a trade (too early of course and I already own a sh*tload in my long-term portfolio) and we may go lower tomorrow. But once window dressing ends, and people start to look for companies with sales, margins, and royalties increasing exponentially, this will be just a bad dream. Jay

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