S&P Midcap 400 Portfolio (^MID, MDY) Message Board

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Non-Tech : S&P Midcap 400 Portfolio (^MID, MDY)

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To: Londo who started this subject	8/5/2001 6:15:37 AM
From: Londo	Read Replies (1) of 181

Buy order: Place buy order for Sandisk (SNDK) for $23.50 a share. 50 shares. Order expires August 17th if not executed. If executed, place stop loss at $19.50/share. The general analysis here is that I think the market has hammered this company enough. Flash memory is a good proxy for digital devices, and Sandisk should be a leading player through this tech mess. I don't see much of an inventory glut for high-capacity flash cards. Sandisk is hated by analysts (two 'buys' and two 'holds', with buys = hold, and hold = sell). Also, Sandisk is expected to lose money for 2001 and 2002. Sandisk has $300M worth of cash reserves. It should be enough to last them until this tech wreck is over. Sounds like a winning recipe for a good gainer in the future.

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