WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 173.61

+6.5%

12:23 PM EST

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To: The Prophet who wrote (17720)	12/28/2000 10:31:43 AM
From: Art Bechhoefer	Read Replies (1) of 60323

Prophet, regarding short positions, an important statistic is the ratio of the total short position to average daily trading volume. Even with a short position exceeding 2 million shares, this is hardly worth worrying about, or using as a basis for the notion that the stock would rise greatly if all the shorts had to cover suddenly. What one looks for is a stock with a short position equal to several days trading volume--even a couple of weeks' volume. But even more important is the bias of analysts who follow the stock. Right now, most of that bias is against SNDK. When that bias changes (we'll know AFTER, not before), the stock will recover rather quickly. Art

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