WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.11

-5.4%

3:59 PM EST

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To: Ausdauer who wrote (17700)	12/27/2000 5:53:49 PM
From: limtex	Read Replies (2) of 60323

Aus - The earnings will not be pivotal to SNDK longs as by definition longs are longs and most of us have been around to qualify. We are all concerned becasue the stock price is so low. That is entirely due to the downgrade having provided an excellent opportunity for some shorts and hedge funds to make some moeny on the SNDK longs. PLs don't forget onyl a few days earlier SNDK was at $68 having been added to an S&P index and catching the shorts off guard and probably some hedge funds too. We should have expected they would pull something to get some money back and that they wouldn't wait long. We should also remember that SNDK was $68 a few days ago in the middle of the greatest stcok market crash in history. I'm not refering to last March or last December. I am refering to about ten days ago! The current drop is artificial. Still the economy will pick up later next year which is fine becuse i'm pretty sure that SNDK does more than 50% of its business in the 2nd half of the year. We should also remember that the market cap is less than $1bn and SNDK is therefore 'tiny' in corporate terms. We should also remember what longs are all about although it has been very difficult to do so during the last nine months. We should also remember that Eli promised to build a major company and SNDK has a number of very big projects on right now which will make it a major producer with control of its own production as its markets expand exponentially. Seems like a good plan to me. It is also clear that there is profesisional short selling going on. It feels like it. The stock wants to advance but every time it makes a move it is met with selling. The funds clearly aren't buying the stock and that is the result of the downgrade. After nine months of the worst bear market in history my guess is that most of the waek hands have got out and who is left actually likes SNDK as an investment ( rare as that might be today). So who is keeping up the selling? Professionals. So what. they will eventually go away for a time and the stock will rise. I know how one feels like negative posting out of frustration from time to time but SNDK is going to make it. Best regards, L

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