WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 152.84

-5.9%

3:59 PM EST

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To: TREND1 who wrote (16887)	11/30/2000 4:07:20 AM
From: Craig Freeman	Read Replies (3) of 60323

Larry, re: "Are you saying this is not a bear market?" It's no market at all. There's not one analyst downgrade predicting lower earnings for SSTI and, if the analysts are right, SSTI will have enough cash on hand in just 3 years to buy up every one of those underpriced shares and take the whole company private. If GE had a P/E <20, that would be a "buying opportunity". But when a high-flying, YOY earnings exceeder busts out and still only manages a '2001 P/E of ~6, the market has lost all reason. If the NASD goes down another 200 points at any time in the next year, we'll have so many analysts to shoot that we may well run out of bullets. I am gonna hold. I may even buy more on margin (I am >90% invested). I may also puke a few times in the next few months, but this IS the bottom. Sorry to say it but, if I am wrong and this is not the bottom, there won't be much left for any of us when the bottom is found. Craig

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