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Technology Stocks : WDC/Sandisk Corporation
WDC 162.93+1.8%11:48 AM EST

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To: Zeev Hed who wrote (17856)1/19/2001 12:10:44 PM
From: The Prophet  Read Replies (2) of 60323
 
Small short squeeze going on right now. This is suggested by (1) high relative volume, (2) upswing when other flash companies (FLSH and SSTI) are down, (2) increasing short position over past three months, and (4) big shorting on Merrill downgrade.

Hard to tell how far the shorts get squeezed, but they are in a tough position since many longs and traders will wait until or near earnings next week, and then the fed meeting thereafter.

Thoughts, Zeev?

Prophet
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