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Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+0.4%Nov 14 9:30 AM EST
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To: Starlight who wrote (16862)11/29/2000 7:03:13 PM
From: Art Bechhoefer  Read Replies (1) of 60323
 
Betty, you have a good point there on tax selling. It doesn't explain to me, however, why people would want to sell SNDK at a time when its earnings are so good, compared with other companies. For example, why wouldn't we see a real drop in AMZN, a company that hasn't ever turned a profit and has so much debt and preferred stock in front of the common that it's unlikely common shareholders will see any earnings for another year or more?

I look at INTC in after hours trading, down near 37, and I think that if a company that good can sell at less than half its earlier high this year, then those of us who own SNDK can't expect much near term improvement. It's not a symptom of a bear market, but more like a chicken market. Everyone is too chicken to buy anything.

Art
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