WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 179.56

+0.7%

Dec 24 12:59 PM EST

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To: Zeev Hed who wrote (18834)	1/31/2001 5:26:23 PM
From: limtex	Read Replies (3) of 60323

ZH - Well thats it for the good news for at least six weeks only another rate cut to look to as any relief but that won't last more than ten minutes as this afternoons one did so rate cut isn't really good news as such since it sounds nice but does little. Its going to tkae a lot more than a coupple of 1/2% rate cuts to repair the damage doen to the economy. Notice how we don't hear so much about soft landings any more. And we now have people on CNBC talking about the possibility of the rate cuts not being able to reverse the decline in the economy. We now have the prospect of unrelenting bad news at least throught the next earnings season ie mid April to early May and the guidance that they will give then, anyone want to guess that lot and then my guess the big question what happens in Q2 and Q3. Given that this is no ordinary recession we now have to work out just how bad a recession it is going to be. How deep and how many years. I remember when I posted about recession a couple of months ago people responded that there was no recession only a reduction in growth to about 2%!!!! How good 2% would feel right now. Anyway my guess is you were right about the February massacre and it has just started. Looks like you will get an opp to buy SNDK at $25. I thought JP Morgan were a bit OTT when they projected the NAZ at 2,000 later this year. Now I don't think so. Last year the market took fat...this year the market will take muscle and bone. Batten down the hatches. You were right. Best regards, L

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